The Patanjali Group firms are set to raise up to $240 million through a block trade on Friday, September 13, involving a sale of a 3 per cent stake in the firms with a floor price of Rs 1,815 per share. Shares of Patanjali Foods on Friday opened lower by Rs 64 or 3.32 per cent at Rs 1,865.65 apiece on the BSE.
Patanjali Foods acquired Ruchi Soya Industries in 2019 for Rs 4,350 crore.
In July 2024, Patanjali Foods had acquired Patanjali Ayurved’s non-food business for Rs 1,100 crore. This acquisition includes the company’s home and personal care business, which includes dental care, skin care, hair care, and home care.
In the June 2024 quarter, Patanjali Foods reported a 199.43 per cent year-on-year (YoY) jump in net profit at Rs 262.9 crore. Its revenue from operations declined 7.6 per cent to Rs 7,173 crore as against Rs 7,767 crore in the corresponding period of the preceding fiscal.
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