Rajiv Jain-led GQG has acquired a 5.96% stake, or about 2.15 crore shares, in Patanjali Foods in the recently concluded offer for sale (OFS) of the FMCG company.
The OFS, at floor price of ₹1,000 apiece, will fetch around ₹3,258 crore to Baba Ramdev-led Patanjali Ayurved.
The four companies that will list on the bourses include - Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle.
The Patanjali-owned company's revenue from operations rose 37.72% year-on-year to ₹6,663.72 crore in Q4.
The Patanjali Ayurved-owned company became debt-free after it repaid ₹2,925 crore worth of loans to banks.
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.
