GQG Partners has bought 2,15,64,517 equity shares of Patanjali Foods through Offer For Sale (OFS) route, according to a regulatory filing. This translates into a 5.96 per cent stake in Patanjali Foods
In an interview with PTI, Ramdev said the company would like to grow its food and FMCG business as well as oil palm plantation vertical in a big way.
Patanjali has been accused of using Cuttlefish as ingredient in a dental care product
The BSE Sensex ended 164.99 points or 0.25 percent higher at 65,558.89. The NSE Nifty jumped 29.45 points or 0.15 per cent to close at 19,413.75
Patanjali Foods Ltd (PFL), erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process.
The company is betting on its brand equity, wide range of portfolios and innovations to ward off competition, Godrej Consumer Products Ltd (GCPL) CFO Sameer Shah told PTI.
Group firm Patanjali Foods (previously Ruchi Soya) will also play a significant part in achieving the milestone, having set a target of Rs 45,000-50,000 crore turnover in next five years.
Patanjali Food's locked in 5 per cent lower circuit even after management assures on complying with promoter share norms
The launch is only in Gujarat, possibly on a pilot testing basis, and has indicated that products would be affordably priced. Post development of the brand, it...
In a press conference, he also announced that the Patanjali Group will provide jobs to 5 lakh people in the coming years
Last month, Patanjali Ayurved Ltd sold its food retail business to group firm Ruchi Soya Industries Ltd for Rs 690 crore as part of its strategy to focus on...
Ruchi Soya informed that it has entered into a "Business Transfer Agreement" with Patanjali Ayurved Ltd to acquire the food retail business of the latter as a...
Baba Ramdev's Patanjali Ayurved-led Ruchi Soya has recently raised Rs 4,300 crore through its follow-on public offer, and the part of the proceeds has been...
The fall came a day after the company announced the allotment of shares under the Rs 4,300 crore-Follow on Public Offer (FPO) which had also come under...
In a rare move, Sebi, on March 28, had asked bankers of Baba Ramdev-led Patanjali group's Ruchi Soya to give an option to investors in its FPO to withdraw...
The board was scheduled to meet today, however, the FPO bids withdrawal process has led to a delay
Sebi directs Ruchi Soya to offer a bid withdrawal option to FPO investors after finding unsolicited SMS in circulation; Ruchi Soya issues clarification, says...
This is after Sebi noticed some unsolicited messages going out to Patanjali Ayurved Ltd’s users to invest in the said offer
Ramdev also announced that Patanjali Ayurved will demerge all its food businesses into the listed entity Ruchi Soya Industries
The Baba Ramdev-backed edible oil and food products major is eyeing to raise Rs 4,300 crore
Many listed companies issue FPOs soon after the launch of their IPOs. Patanjali-owned Ruchi Soya is the latest. Its stocks are up 36 per cent since the...
The FPO in question pertains to Ruchi Soya which had filed its draft document with SEBI for a follow-on public offer (FPO) for raising up to Rs 4,300 crore.
The Delhi High Court orally directed the counsel for Baba Ramdev to tell him not to make any provocative statement till the next date of hearing.
The petition filed before the court of Acting CJM Shailendra Rai here has dubbed Ramdev's utterances as 'fraudulent', and sought invoking of IPC sections...
IMA has also served a defamation notice on Ramdev for his alleged disparaging remarks against allopathy and allopathic practitioners
