Page 43 - Baba Ramdev News Today

In the wake of a recent police raid on Manohar Shet’s shop at Car Street, where chocolates laced with a drug substance were confiscated, a relative of Shet,...

A man with a high-paying government job decided to leave the job and pursue a career in farming, eventually becoming a millionaire through this venture.

Following a 7% stake sale, the promoter stake has been reduced from 80.82% in Patanjali to 73.82%. Accordingly, the company has now become compliant with minimum public shareholding requirements of 75%.

In the offer of sale (OFS), NRI Rajiv Jain-led GQG picked a 5.96% stake or about 2.15 crore shares of Patanjali. The floor price was kept at Rs 1,000 per share but allotment to non-retail investors was done at a share price of Rs 1,103.80. GQGs investment would, therefore, be worth around Rs 2,400 crore.

GQG Partners and other investors have purchased a 5.96% stake in Patanjali Foods through an offer for sale. The stake was acquired through various funds managed by GQG Partners.

Jain has been raising his bet on Indian firms over the past few months. In the past three months, GQG Partner’s total investment in Adani Group firms has gone up to ₹26,445 cr

The retail portion of Patanjali Foods OFS was fully subscribed, with shares achieving a 5% upper circuit. The non-retail portion was oversubscribed by 200%.

This OFS will allow its promoter entity Patanjali Ayurved to offload 2.53 crore shares at the fixed floor price.

The Patanjali Foods stock hit the lower circuit today after its OFS opened even as BSE Sensex is in the green

The OFS of Patanjali Foods, under which the promoter Patanjali Ayurved will offload about 7%, will be available for retail investors to bid on Friday.