Sonam Kapoor and her husband Anand Ahuja's Bhaane Group have acquired Mumbai's iconic music store, Rhythm House, for Rs 47.84 crore ($5.7 million). The store, which closed in 2018 after its previous owner defaulted on loans, marks the end of an era for music lovers who cherished physical media. The sale was overseen by a resolution professional appointed by the Indian bankruptcy court.
Sonam Kapoor and her husband Anand Ahuja are acquiring Mumbai's iconic Rhythm House music store for $5.7 million (478.4 million rupees). The 3,600-square-foot store, which closed in 2018 following financial troubles of its previous owner, was sold under the oversight of a bankruptcy court resolution professional. The deal's value was confirmed in a telephone interview with Bloomberg News.
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