This Rs 950-crore kitchen appliance maker sees fresh investment from Dolly Khanna

NEW DELHI: Shares of Butterfly Gandhimathi Appliances gained over 3 per cent on Monday after value investor Dolly Khanna bought a stake in the company, according to the latest shareholding data released by the firm.

The data for the December quarter shows Dolly Khanna owns 2,68,050 shares, equivalent to a 1.5 per cent stake, in the company. It could not be ascertained if she earlier held any shares of the company, as firms publish names of shareholders only if their individual holdings rise above 1 per cent.

Shares of the company were trading up 3.51 per cent at Rs 531.60. The Tamil Nadu-based kitchen appliances maker is currently valued at Rs 950.48 crore.

Apart from Khanna, there were no major shareholding changes. Six mutual funds hold a 6.55 per cent stake in the firm as of December, slightly lower than 6.56 per cent as of September. Similarly, alternate investment funds continue to hold 2.63 per cent.

Holdings of retail investors came down to 17.42 per cent from 18.35 per cent in the previous quarter. Thanks to Khanna’s investment, HNIs now hold a 5.61 per cent stake in the company, as against 4.17 per cent earlier.

Overall public shareholding in the company came down to 35.22 per cent from 35.23 per cent.