Stove Kraft Limited
Mahindra Manulife Mutual Fund decreased its stake in Stove Kraft Limited from 2.42% to 2.10%, selling 106,787 shares. The value of the sold shares was ₹8.45 Cr, at an average price of ₹791.15 apiece.
A manufacturer of kitchen appliances and household solutions operating through multiple brands including Pigeon, Gilma, and as the exclusive partner for BLACK + DECKER in India. The company produces a wide range of cookware, cooking appliances, and home utilities spanning from traditional kitchen products to modern solutions like LED bulbs and health monitoring devices. StoveKraft serves diverse consumer segments across value, semi-premium, and premium market categories.
Joint venture between Mahindra Group and Manulife Investment Management of Canada. Manages over Rs 30,000 crore. Focuses on equity and hybrid fund strategies with a quality growth bias inherited from the Manulife global investment framework. Leverages the Mahindra Group's brand and distribution reach for retail investor outreach.