Butterfly Kitchen Appliance Gandhimathi Informed Exchanges on February 18th that the trading window to deal with the company’s equity stocks will remain closed from February 19 to further intimacy by the company for its director, people who are directly connected, other people are connected,.

Previously on February 17, CNBC TV reported that Crompton Greaves Consumer Electricals Ltd. and Havells India Ltd has made offers to buy Gandhimathi butterflies. According to the report, Marquee private equity investors also expressed interest in buying shares in the company.

Gandhimati butterflies, who have seen an increase in their finances during the last few quarters, have been on the market to raise almost 500 crores recently to fund its capital expenditure plan.

According to the CNBC-TV18 report, Butterfly Gandhimati is currently evaluating all options and the possibility of making a final decision in 15-30 days.

Gandhimathi’s Butterfly Stock Appliances Ltd surged more than 8% on February 18. Stock has surged more than 18% in the last two weeks in the middle of a higher volume.

The company’s shares have increased 113 percent in the past 12 months, driven by strong finance and an increase in demand for kitchen equipment because of work from homes triggered by Pandemic Covid-19.