
Patanjali Foods stock falls 5% as bourses freeze promoter shares
Promoter shareholding in Patanjali Foods currently stands at 80.82%.
Promoter shareholding in Patanjali Foods currently stands at 80.82%.
The four companies that will list on the bourses include - Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle.
The Patanjali Ayurved-owned company's stock jumped 14.71% to ₹938 apiece on the National Stock Exchange.
A little help from lenders facilitated Ruchi Soya’s follow-on public offer.
Shares of Ruchi Soya rallied as much as 20% even after its ₹4,300 crore follow-on public offering faces a regulatory hurdle.
Authum Investment picks up 12.69 lakh shares in anchor placement.
"Ruchi Soya-Patanjali will be bigger than HUL. We will beat them in both turnover as well as EBITDA."
Shares of this Baba Ramdev’s Patanjali-owned company have registered a 55x growth in a short span of two years since its relisting at ₹17 apiece on January 27, 2020.
We are neither facing a financial crisis nor a slowdown, says founder of the swadeshi FMCG major.
Patanjali Group aims to overtake multinational giant HUL as India's No.1 FMCG company. Baba Ramdev unveils the ambition.