Mrs. Bectors Food Specialities Limited
Franklin Templeton Mutual Fund raised its stake in Mrs. Bectors Food Specialities from 2.19% to 2.77%. The fund acquired 18,00,000 shares, increasing its total holding to 85,11,910 shares.
A manufacturer of biscuits and bakery products operating across India's packaged foods sector. The company produces items marketed under the Mrs. Bector's Cremica and Mrs. Bector's English Oven brands. Established in 1978, it has grown into a recognized player in the biscuit and bakery segment with operations spanning manufacturing, distribution, and retail channels across multiple Indian markets.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.