Patanjali Foods hits record high as firm to buy Patanjali Ayurved's non-food biz
5 months, 3 weeks ago

Patanjali Foods hits record high as firm to buy Patanjali Ayurved's non-food biz

Hindustan Times  

Shares of Patanjali Foods hit a record high today after the Baba Ramdev-led firm’s board approved proposal to buy its parent company Patanjali Ayurved's home and personal care business for ₹1,100 crore. Patanjali Foods shares rose 4% to a high of ₹1769.15 on July 2 compared to the previous close of ₹1699.65 on BSE. The company said in an exchange filing, “The board of Patanjali Foods Ltd has approved the proposal of Patanjali Ayurved Ltd's to acquire its Home and Personal Care Business, accelerating the company's transition into a leading FMCG company. It presently caters to four key segments, being dental care, skin care, home care, and hair care.” It added, “The transfer has been mutually negotiated for a lump sum consideration of ₹1,100 crore, which shall be subject to customary closing date adjustments and on such other terms as set out in the business transfer agreement.

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History of this topic

LIC increases stake to 5.02% in edible oil refiner Patanjali Foods; Details here
3 weeks, 6 days ago

LIC increases stake to 5.02% in edible oil refiner Patanjali Foods; Details here

Live Mint  

Life Insurance Corporation of India has increased its stakeholding to 5.02 per cent in the edible oil refiner Patanjali Foods through the purchase of shares via open market operations, according to an exchange filing on Tuesday, November 26. “This is to inform that the Life Insurance Corporation of India has increased its shareholding in equity shares of Patanjali Foods Ltd …

Patanjali Foods Q1 Results Live : profit rise by 199.4% YOY
5 months ago

Patanjali Foods Q1 Results Live : profit rise by 199.4% YOY

Live Mint  

Patanjali Foods Q1 Results Live : Patanjali Foods declared their Q1 results on 19 Jul, 2024. Patanjali Foods has delivered -2.64% return in the last 1 week, 2.6% return in the last 6 months, and 1.62% YTD return. Currently, Patanjali Foods has a market cap of ₹57939.09 Cr and 52wk high/low of ₹1764.4 & ₹1169.95 respectively. Patanjali Foods Financials Period …

Ramdev claims anti-Ayurveda cartel targeting Patanjali: ‘Destroying nationalism which we denote'
5 months, 3 weeks ago

Ramdev claims anti-Ayurveda cartel targeting Patanjali: ‘Destroying nationalism which we denote'

Hindustan Times  

Founder of Patanjali Ayurved Yog guru Ramdev claimed that a cartel of corporations, pharmaceutical companies, intellectuals, and politicians has been working against his company. In an interview with Economic Times, he said, “Patanjali denotes nationalism and self-pride which this group wants to destroy.” Yog guru Ramdev performs yoga on the 10th International Day of Yoga, in Haridwar. Earlier, Sanjeev Asthana, …

Patanjali Foods eyes pole position in FMCG space, to acquire Patanjali Ayurved’s home-personal care biz for ₹1,100 cr
5 months, 3 weeks ago

Patanjali Foods eyes pole position in FMCG space, to acquire Patanjali Ayurved’s home-personal care biz for ₹1,100 cr

Live Mint  

Patanjali Foods Ltd on Monday said it would acquire the home and personal care business of its group company, Patanjali Ayurved, for ₹1,100 crore. hair care, skin care, dental care and home care carried out by Patanjali Ayurved, including but not limited to all movable assets, immovable properties, contracts, licences, books and records, employees and certain assumed liabilities of PAL …

Patanjali Foods Q4 Results Live : profit falls by 21.76% YOY
7 months, 1 week ago

Patanjali Foods Q4 Results Live : profit falls by 21.76% YOY

Live Mint  

Patanjali Foods Q4 Results Live : Patanjali Foods declared their Q4 results on 14 May, 2024. Patanjali Foods has delivered -7.76% return in the last 1 week, -7.74% return in last 6 months and -15.24% YTD return. Currently the Patanjali Foods has a market cap of ₹48326.31 Cr and 52wk high/low of ₹1713.8 & ₹931.2 respectively. Patanjali Foods Financials Period …

Patanjali non-retail portion OFS fully subscribed
1 year, 5 months ago

Patanjali non-retail portion OFS fully subscribed

Live Mint  

On Friday, the retail portion of an OFS by Baba Ramdev-led FMCG behemoth Patanjali Foods was fully subscribed. In Friday's BSE trade, the stock also achieved a 5% upper circuit at ₹1,225, despite the fact that shares in the OFS are sold at a discounted floor price of ₹1,000. Patanjali Foods announced that its proprietor Patanjali Ayurved will sell up …

Patanjali Foods shares locked at 5% lower circuit as OFS opens
1 year, 5 months ago

Patanjali Foods shares locked at 5% lower circuit as OFS opens

Live Mint  

Patanjali Foods share price hit a 5% lower circuit at ₹1,166.65 on Thursday after the company launched an offer for sale at a floor price of ₹1,000 per share. The yoga guru Baba Ramdev-led Patanjali Ayurved, the promoter entity of Patanjali Foods, proposes to offload 2.53 crore shares in the OFS which will be executed over two days. “Seller proposes …

Patanjali Foods OFS: Promoter to sell 9% stake at floor price of ₹1,000/share
1 year, 5 months ago

Patanjali Foods OFS: Promoter to sell 9% stake at floor price of ₹1,000/share

Live Mint  

Baba Ramdev-led Patanjali Foods has launched an offer for sale that will allow its top shareholder Patanjali Ayurved to offload 2.53 crore shares of the company –, at a floor price of ₹1,000 per share. The promoter and promoter groups collectively hold 80.8 per cent in Patanjali Foods. According to the exchange filing, Patanjali Ayurved will offload about 2.53 crore …

Baba Ramdev sets ₹1 lakh cr turnover target for Patanjali Group in 5 years
1 year, 6 months ago

Baba Ramdev sets ₹1 lakh cr turnover target for Patanjali Group in 5 years

Hindustan Times  

Patanjali Group is looking to clock a turnover of ₹1 lakh crore in next five years as it expands reach to all sections of consumers with different offerings, its leader Baba Ramdev said on Friday. Group firm Patanjali Foods will also play a significant part in achieving the milestone, having set a target of ₹45,000-50,000 crore turnover in next five …

Patanjali Foods promoters to dilute 6% share in June through QIP, FPO: Baba Ramdev
1 year, 6 months ago

Patanjali Foods promoters to dilute 6% share in June through QIP, FPO: Baba Ramdev

Live Mint  

Patanjali Foods Ltd, formerly known as Ruchi Soya Industries Ltd, Wednesday said its promoters plan to sell shares to institutional investors in June through Qualified Institutions Placement and Offer for Sale for dilution of a 6% stake to meet minimum public shareholding norms of 25%. At present the public shareholding in Patanjali Foods stands at 19.18%, which needs to be …

Patanjali Foods Locked in 5% Lower Circuit After Exchanges Freeze Promoters’ Shares
1 year, 9 months ago

Patanjali Foods Locked in 5% Lower Circuit After Exchanges Freeze Promoters’ Shares

News 18  

Shares of Patanjali Foods fell over on March 16 to hit the lower circuit at Rs 912.9 after bourses put a freeze on the shares held by promoters and promoter entities over their failure to meet the minimum public shareholding norm. “Our promoters’ equity shares are already under lock-in as per the Securities and Exchange Board of India Regulations, 2018 …

Patanjali to focus on high-margin premium products
1 year, 10 months ago

Patanjali to focus on high-margin premium products

Live Mint  

Patanjali Foods, formerly Ruchi Soya Industries, which sells biscuits, edible oil, soya-chunks and honey will launch more high-margin premium products, including cookies, vitamin-gummies and millet-based foods in the next two quarters, Sanjeev Asthana, chief executive, Patanjali Foods, said in an interview. In 2019, Patanjali acquired Ruchi Soya for ₹4,350 crore, and in 2022, Patanjali Ayurved sold the food retail business …

Patanjali Foods Q3 update: Net profit up 15% to ₹269 cr, revenue rises 26%
1 year, 10 months ago

Patanjali Foods Q3 update: Net profit up 15% to ₹269 cr, revenue rises 26%

Live Mint  

Patanjali Foods Ltd on Wednesday reported 15 per cent rise in net profit to ₹269.19 crore for the quarter ended December 2022. this is against a net profit of ₹234.07 crore in the year-ago period, said the company in its regulatory filing. The revenue from operations rose by 26 per cent to ₹ ₹7926.64 crore compared to ₹6280.46 crore in …

Baba Ramdev-backed Patanjali Foods profitability dips by 32% to ₹112 cr in Q2
2 years, 1 month ago

Baba Ramdev-backed Patanjali Foods profitability dips by 32% to ₹112 cr in Q2

Live Mint  

Baba Ramdev-backed Patanjali Foods recorded a decline in profitability for the quarter that ended September 30, 2022 period. In its regulatory filing, Patanjali Foods said, during the quarter, the edible oil industry witnessed pressure on margins largely attributed to the volatility in global prices of various edible oils which fell by almost $400-500 per ton in these 3 months. In …

Four Patanjali companies IPOs in next 5 years, announces Baba Ramdev
2 years, 3 months ago

Four Patanjali companies IPOs in next 5 years, announces Baba Ramdev

Live Mint  

Yoga Guru Baba Ramdev on Friday in New Delhi announced to list four new Patanjali companies on Indian bourses over five years. While making these announcements the the Yoga Guru said that Patanjali group turnover today is ₹40,000 crore and the group is targeting to raise to ₹1 lakh crore in next 5 years. While addressing a media gathering in …

Yoga guru Ramdev likely to announce IPOs of 5 Patanjali companies today
2 years, 3 months ago

Yoga guru Ramdev likely to announce IPOs of 5 Patanjali companies today

Hindustan Times  

Yoga guru Ramdev's Patanjali Ayurved is planning to unveil initial public offering of its five more companies in the market. Patanjali Foods was earlier known as Ruchi Soya Industries Limited, the company acquired by the group in 2019 for ₹4,350 crore through an insolvency process. As of now, Patanjali Foods is the only company from the group which is listed …

Ramdev to announce IPO plans of Patanjali Group tomorrow: Report
2 years, 3 months ago

Ramdev to announce IPO plans of Patanjali Group tomorrow: Report

Hindustan Times  

Yoga guru Ramdev will announce the initial public offering plans of the Patanjali Group companies on Friday during a press conference, a report by Hindustan Times' business publication Livemint said. “We are pleased to inform you that Swami Ramdev Ji Maharaj will address an important press conference on 16th September 2022 in New Delhi,” Patanjali said in a statement. Ramdev …

Ramdev to launch IPO of Patanjali brands soon, says report
2 years, 3 months ago

Ramdev to launch IPO of Patanjali brands soon, says report

Hindustan Times  

Yoga guru Ramdev will launch the initial public offering of four companies which will then be listed on the stock exchange. The stock price of Patanjali Foods has reached a 52-week high. This company was already listed on the stock exchange, a report by HT's sister publication Livehindustan said. Patanjali Foods plans to undertake oil palm plantations on 38,000 hectares …

Patanjali Group-owned Ruchi Soya to Launch FPO Next Year, Says Ramdev
4 years, 1 month ago

Patanjali Group-owned Ruchi Soya to Launch FPO Next Year, Says Ramdev

News 18  

Edible oil firm Ruchi Soya, which is owned by Patanjali Ayurved, will launch a follow-on public offer next year to bring down promoters' shareholding in the company, said Swami Ramdev. Patanjali Group has run Ruchi Soya efficiently after the acquisition last year, he said, and expected higher growth during the current fiscal year. As per the resolution plan approved by …

Patanjali Ayurved's FY20 Net Up 21.56% to Rs 424.72 Crore, Net Sales Up 5.8% to Rs 9,022.71 Crore
4 years, 1 month ago

Patanjali Ayurved's FY20 Net Up 21.56% to Rs 424.72 Crore, Net Sales Up 5.8% to Rs 9,022.71 Crore

News 18  

Haridwar-based Patanjali Ayurved Ltd has reported a 21.56 per cent increase in standalone net profit at Rs 424.72 crore for financial year 2019-20, according to data provided by business intelligence platform Tofler. While the company's revenue from operations was at Rs 9,022.71 crore, up 5.86 per cent, for the financial year ended on March 31, 2020. Its total revenue was …

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