‘We will think’: SC refuses to accept Ramdev’s apology again
The SC bench, while hearing the misleading ad case against Ramdev and his associate Balkrishna, adjourned the case to April 24, 2024
The SC bench, while hearing the misleading ad case against Ramdev and his associate Balkrishna, adjourned the case to April 24, 2024
Patanjali Foods says directions and observations of Supreme Court do not have any bearing on regular business operations
SC in February had asked Patanjali Ayurved to stop promoting and marketing ayurvedic products, which it claimed to cure critical illnesses
SC bars Patanjali Ayurved from promoting and marketing products that claim to cure critical illnesses like heart issues and asthma
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.