Patanjali

But other modes like OFS, QIP to raise public shareholding

With stock exchanges freezing shares of its promoters, Patanjali Foods on Thursday said the move will not impact the company's operation and it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25 per cent. Stock exchanges NSE and BSE have frozen the shares of promoters of Baba Ramdev-led Patanjali Group firm Patanjali Foods, which is a major edible oil player. In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact. "There is no reason for the investors to worry," he said. According to Ramdev, promoters' shares are already under lock-in as per Sebi guidelines till April 8, 2023, which is one year from the date of listing, and the latest move by stock exchanges do not appear to have a negative impact on the functioning of PFL. He further said that PFL

Company backed by yoga guru Baba Ramdev failed to meet Sebi's public shareholding rule within deadline

The company is required to either raise funds or promoters needs to sell 5 per cent stake to bring down their stake to 75 per cent

Action after co fails to meet 25% public float

Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover

Patanjali Foods Ltd, which is mainly into edible oil business, has posted a 15 per cent growth in its net profit to Rs 269.18 crore for the December quarter on better sales. Its net profit stood at Rs 234.07 crore in the year-ago period, according to a regulatory filing. Total income rose by 26 per cent to Rs 7,963.75 crore during the quarter ended December 31, as compared to Rs 6,301.19 crore in the corresponding period of the previous year. During the April-December period of this fiscal, nine-month period ended December 31, 2022, net profit increased to Rs 622.73 crore from Rs 571.87 crore a year ago, said Patanjali Foods, which is part of Baba Ramdev-led Patanjali Ayurved. Total income rose to Rs 23,858.50 crore in the first nine months of this fiscal year from Rs 17,608.18 crore in the previous year. Patanjali Foods Ltd (formerly known as Ruchi Soya Industries Ltd), has 25 manufacturing facilities, and an allocation of 6.23 lakh hectares of oil palm plantation. Besides edibl

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Firm to focus on new launches with high margins and high growth

Patanjali also plans to carry out oil palm plantations on over 1.5 mn acres in 55 districts of 11 states, and aims to earn annual returns of Rs 2,000 crore in five to seven years

Baba Ramdev on Friday said the Patanjali Group is working on finding solutions for Lumpy Skin Disease (LSD) that has caused death of around 1 lakh cows. Ramdev suggested that the government should create awareness about the disease, which he alleged that might have "come from Pakistan". He said the government should also investigate how the disease entered the country and spread across many states. "We are working on Lumpy Skin Disease virus," Ramdev told reporters here. He said around one lakh cows have died because of this disease. Ramdev said the disease also affected many cows in his shelter house at Haridwar but not even a single cow died. "We treated cows with ayurvedic medicines like Giloy. Cows having better immunity were not infected with this disease," he said. The LSD has spread in more than a dozen states, including Gujarat, Rajasthan, Punjab and Haryana. The disease has affected 16.42 lakh cattle in 197 districts and has killed 75,000 cattle between July and Septem

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The acquired food business consists of 21 products which include ghee, honey, spices, juices, atta etc. It also raised Rs 4,300 crore through a follow-on public offer

Firm lays foundation stone for oil palm mill in the state where already has two nurseries and plans three more

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In May, Ruchi Soya announced the acquisition of Patanjali Ayurved's entire food business for Rs 690 crore, in order to speed up its transition into an FMCG company

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Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Ruchi Soya, sources said

Ramdev said that the company on Thursday launched the Follow on Public Offer (FPO) of Ruchi Soya Industries to raise Rs 4,300 crore