Porinju Veliyath has bought an additional stake in Kerala Ayurveda in the December 2021 quarter. , the latest shareholding data suggests. his PMS Equity Intelligence India had bought 1,40,000 shares in the September 2021 quarter. the PMS holds 2,50,000 shares (2.37 per cent) in Kerala Ayurveda as of December 31, 2021.
Kerala Ayurveda, the first listed ayurveda company, is a seven-decade-old full-spectrum player in India, with footprint in various wellness resorts, hospitals, clinics, academies, products and services in India and United States.
The company claims to have over 350 classical and proprietary formulations, thousands of acres of herbal farms, a herbal garden and its own manufacturing facilities and R&D centers.
The company reported a loss of Rs 1.36 crore in the September quarter even as its total income jumped to Rs 19.06 crore for the quarter from 14.55 crore in the year-ago period. Promoters held 61.52 per cent stake in the company as of December 31, 2021. The rest of the ownership is largely with small investors and HNIs.