LONDON--Supermarket chain J Sainsbury PLC (SBRY.LN) said Friday that Lord Sainsbury of Turville is now interested in 61.1 million shares in the company representing 3.19% of the company's voting rights.

Lord Sainsbury of Turville previously held 79.1 million shares.

Sainsbury shares at 1320 GMT up 2 pence, or 1%, at 237 pence, valuing the company at GBP4.54 billion.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

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