The Dalal Street veteran has picked up a significant stake in houseware maker during April-June 2022 period, suggests data from Trendlyne.
According to the company’s latest shareholding pattern, Kacholia has been allotted 3,08,000 equity shares or a 4.2 per cent stake in the company on a preferential basis. Kacholia invested Rs 11.76 crore in the company as he was among the 11 allottees, who were given 6,61,000 equity shares for Rs 382 apiece to raise Rs 25.25 crore.
Kacholia’s name was missing from the key shareholders list in the March 2022 quarter. Listed companies are obliged to release the name of shareholders holding one per cent or more stake in the company on a quarterly basis.
Panchkula (Haryana) based Inflame Appliances Limited (Inflame) is a manufacturer of kitchen appliances, including gas stoves, burner cook-tops, built-in hobs, cooker hoods (chimneys), cooking ranges, and sheet metal components.
The company’s manufacturing unit is located in Solan, Himachal Pradesh, and was incorporated in 2015. It also exports its products to Nepal and various African countries.
Shares of Inflame Appliance were trading at Rs 391.80 on Thursday with a market cap of little more than 260 crore. The stock has jumped about 60 per cent in the last year.
According to the data from Trendlyne, Ashish Kacholia publicly holds 37 stocks with a net worth of over Rs 1,628.3 crore as per the latest corporate shareholdings filed.
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