Patanjali stock saw 3.3 percent equity stake being sold in large trades on Friday, September 13 for a total of Rs 2,223.4 crore with the promoter group firms likely seller. As many as 1.2 crore shares changed hands at an averages price of Rs 1889 per share.
Patanjali share was trading at Rs 1,872.70 per share on the NSE in the early trade in Friday's trading session, down nearly 3 percent.
The company has a market cap of Rs 67,535.57 crore, as of September 13. The shares have delivered 18.99 percent returns in 2024 so far since January.
Patanjali Foods on July 1 announced that its board approved the acquisition of the non-food business of its parent company, Patanjali Ayurved, for Rs 1,100 crore in phases.
Patanjali Ayurved was co-founded by Ramdev, with Balakrishna serving as the Managing Director.
The non-food division currently includes products for dental care, skin care, home care, and hair care. "This strategic move to acquire the Home and Personal Care (HPC) business will enhance the company's FMCG portfolio with well-known brands, leading to significant growth in revenue and EBITDA," Patanjali Foods stated.
On July 19, Patanjali Foods reported a 199.43 percent year-on-year (YoY) increase in net profit to Rs 262.9 crore for the first quarter ending June 30, 2024.
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