Electronics Mart India Limited
Franklin Templeton Mutual Fund increased its stake in Electronics Mart India Limited by buying 536,486 shares. Their holding is now 9,577,961 shares, or 2.49% of the company. Franklin Templeton Mutual Fund previously acquired 99.41 lakh shares of Electronics Mart India in August 2024.
India's fourth-largest consumer durable and electronics retailer, Electronics Mart operates an extensive retail network selling large appliances, mobiles, small appliances, and IT products across multiple categories. Founded in 1980, the company offers over 6,000 stock keeping units from more than 70 leading consumer durable and electronic brands, providing customers with a comprehensive range of home appliances and consumer electronics through its established presence.
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.