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 till April 2023 and therefore, we do not perceive any impact of this action by the Stock Exchanges. In an interview to CNBC-TV18, Patanjali Foods CEO Sanjeev Asthana said the company was confident of reaching the minimum public shareholding norm in a couple of months. At 13.11 pm, Patanjali Foods was trading 2.45 per cent lower at Rs 940.75 on the BSE.

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History of this topic

At 52-week low! Mishtann Foods share price hits lower circuit for 4th session on SEBI ban
1 week, 6 days ago

At 52-week low! Mishtann Foods share price hits lower circuit for 4th session on SEBI ban

Live Mint  

Stock Market Today: Shares of Mishtann Foods hit their lower circuit limit for the fourth consecutive session on Wednesday, December 11, as the fallout from the Securities and Exchange Board of India's ban over fraud activities deepened. Mishtann Foods share price was locked in the 10 per cent lower circuit on Tuesday, December 10, and 20 per cent lower circuits …

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

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 …

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 …

GQG Partners ups India play, picks up 5.96% in Patanjali
1 year, 5 months ago

GQG Partners ups India play, picks up 5.96% in Patanjali

Live Mint  

Mumbai: Baba Ramdev-founded Patanjali Foods Ltd on Monday said that Rajiv Jain-led investment management firm GQG Partners Llc bought a 5.96% stake in the company on 14 July in the company’s ongoing offer-for-sale. Considering GQG Partners' investment is worth around ₹2,639.4 crore, this implies the US-based firm invested in Patanjali at a price of ₹1,223.35 a share. In addition, GQG …

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 to start FPO for Patanjali Foods from April as BSE, NSE freeze shares
1 year, 9 months ago

Patanjali to start FPO for Patanjali Foods from April as BSE, NSE freeze shares

Live Mint  

Amid the stock exchanges freezing shares of its promoters, Patanjali Foods on 16 March said that it will start the process of launching a Follow-On Public Offering in April to increase the public shareholding to 25 per cent. Following this, the equity shares were allotted pursuant to the implementation of resolution plan as approved by NCLT, the aggregate shareholding of …

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 …

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