Reliance Equity arm picks 13% in Butterfly Gandhimathi

Anil Ambani-led Reliance Alternative Investments Fund, managed by Reliance Equity Advisors, has picked up a 13.7 per cent stake in Butterfly Gandhimathi Appliances Ltd by infusing around Rs 100 crore. The Chennai-based company is the owner of Butterfly brand, which one of the leading brands of cooking utensils.