Patanjali Group IPO Plan: Earlier this year, Baba Ramdev-owned Patanjali Ayurved divested its food retail business to group company Ruchi Soya Industries Ltd last month for Rs 690 crore. Through its follow-on public offer (FPO), Ruchi Soya collected Rs 4,300 crore, to clear its bank and long-term borrowings.
The companies whose IPO are slated to come over the next couple of years include Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle while the uttarakhand headquartered company plans to raise to Rs lakh crore from the market.
While talking to reporters, he also took on people who were trying to malign him and tarnish his group’s image and announced that criminal cases had been filed against 100 entities. “We will drag them till the Supreme Court,” he said.