Patanjali Group to come with the IPO of 4 of its companies over the next 5 years

13 Sep 2022 , 09:33 AM

Ramdev, the yoga guru, plans to come with the initial public offering (IPO) of four of his firms over the next 5 years.

The firms are Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine, and Patanjali Lifestyle, respectively. Over the next five years, the companies will list on the stock exchange.

Under a settlement process, Patanjali Ayurveda acquired Ruchi Soya for Rs4,350 crore in 2019. However, the company was previously listed on the stock exchange. The business is now known as Patanjali Foods.
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Patanjali Foods’ stock price recently surpassed a 52-week high. The company’s stock price on Friday was 1,380.35 rupees. The stock price increased during trading to Rs1,400.

One of India’s leading fast-moving consumer goods (FMCG) companies is Patanjali Foods. It is also a marketer and manufacturer of a wide variety of healthful edible oils.

The business poured the first stone for the construction of an oil palm factory in Arunachal Pradesh on August 31. According to a regulatory filing, the mill is situated at the Industrial Growth Centre, Niglok, District East Siang, Arunachal Pradesh.

On 38,000 hectares of land spread out across nine districts in the state, Patanjali Foods intends to start oil palm plantations.

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