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07 Jun 2023
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NSE: Patanjali – Patanjali Foods Limited

NSE: Patanjali

NSE: Patanjali – Shares of Patanjali Foods, formerly recognized as Ruchi Soya Industries, surged five percent to hit a fresh 52-week high value of Rs 1266.75 per share in BSE intraday trade on Friday. Shares of Patanjali Foods, formerly recognized as Ruchi Soya Industries, surged five percent to hit a fresh 52-week high value of Rs 1266.75 per share in BSE intraday trade on Friday.

Baba Ramdev-led Patanjali Ayurveda acquired Ruchi Soya for Rs 4,350 crore through an insolvency process and named it Patanjali Foods. And also, Patanjali Foods stock has risen over 11% amid the expansion of its oil business. Patanjali Foods Limited laid the foundation for setting up an Oil Palm mill at Industrial Growth Centre, Niglok, District. And also, East Siang, Arunachal Pradesh, on August 31, 2022; the company informed exchanges on August 31.

Passion at Work of Patanjali Foods Limited

According to the statement filed by the company. And also, The Board of Directors has decided to change the name of the company to Patanjali Foods Limited or any other name as may be made applicable. And also, the Registrar of Companies, Maharashtra, Mumbai subject to all other applicable approval.”

The board also authorized the company’s officials to negotiate, financial, execute, and deliver the terms and conditions of the proposed transaction to enhance synergies with Patanjali Ayurved. And also, The oil-and-food-products major launched its follow-on public offer (FPO) on March 24 to garner Rs 4,300 crore. And also, The company fixed a price band of Rs 615-650 for the public offer.

Ramdev promoted Ruchi Soya’s shares on the bourses on Friday at a 31 percent premium of Rs 850 on the BSE compared to its FPO price of Rs 650. The FPO was oversubscribed 3.6 times and received bids for 17.56 crore equity shares against the size of 4.89 crore equity shares on the final day. And also, The retail quota, which constitutes 35 percent of the issue, saw a subscription of 90 percent. And also, the stock price jumped over 6% to Rs 979 on Monday’s early trade. However, at 12.30 pm, the stock was trading marginally down by 5.33 percent to Rs 974.

Patanjali Foods Ltd Background

Patanjali Foods Ltd Background

Incorporation Year: 1986

Registered Office: Ruchi House Royal Palms, SN 169 Aarey Colony Goregaon-E, Mumbai, Maharashtra, 400065

Fax: 91-22-61090236/61090257

Managing Director: Ram Bharat

Face Value (₹): 2

Market Lot:  1

Patanjali Foods, Acquire its Food Retail Business

Ruchi Soya Industries Limited has changed its name to “Patanjali Foods Limited.”

The company, in a filing, said that it would be taking over the retail food business of Patanjali Ayurved Limited.

“Business Transfer Agreement (“BTA”) with Patanjali Ayurved Limited (“PAL”) to; acquire the retail food business undertaking of PAL, which consists of manufacturing, packaging, labeling, and retail trading of certain food products along with manufacturing plants located at Padar. And also,However, the change in the name is subject to members’ approval, the Ministry of Corporate Affairs, and other regulatory authorities.

The transaction is done on a slump sale basis for Rs 690 crore. And also, The deal includes the transfer of employees, several assets like contracts, licenses, permits, distribution network, and customers of the Food Retail Business. However, Patanjali’s brand, trademark, copyrights, vehicles, debtors, cash, and bank balance remains with PAL.

Patanjali Ayurved Limited’s turnover for the last fiscal year accounted for 10,605 crores (approx.) And also, The objective of this acquisition is to expand the company’s existing product portfolio and come out as a big player in India’s FMCG sector.

About us NSE: Patanjali

About us NSE: Patanjali

Since its incorporation in 1986, NSE: Patanjali – Patanjali Foods Incomplete (formerly known as Ruchi Soya Industries Limited) has evolved as a combined player in the comestible oil business with attendance across the entire value chain, from farm to fork, with tenable admission to palm oil plantations in India. And also, Today we feature amongst the Top FMCG players as one of the leading manufacturers & marketers of a healthy range of Edible Oils and a Pioneer of Soya Foods in India. And also, It is also one of the top palm plantation companies in India.

Among India’s oldest and most essential edible oil players, Patanjali Foods Limited’s strong brand recognition has enabled the Company to maintain its leading position in the industry. And also, The continuous efforts by the company have today established Nutrela, Mahakosh, Sunrich, Ruchi Gold & Ruchi No.1 as iconic brands across the country.

Website: http://patanjalifoods.com/

Industries: Manufacturing

Company size: 10,001+ employees

Headquarters: Haridwar, Uttarakhand

Type: Public Company

Founded: 1972.

Round Patanjali Foods Ltd

Patanjali Foods Ltd is in the Edible Oil sector, having a market capitalization of Rs. 34534.31 crores. And also, It has reported sales of Rs. 7926.64 crores and a net profit of Rs. 269.19 crores for the quarter that ended December 2018. And also, The company management includes Aacharya Balkrishna, R L Gupta, Tejendra Mohan Bhasin, Ram Bharat, Swami Ramdev, Girish Kumar Ahuja, Gyan Sudha Misra, Aacharya Balkrishna (Managing Director), among others.

CHAIRMAN                                       Aacharya Balkrishna

COMPANY SECRETARY                  R L Gupta

ADDITIONAL DIRECTOR                Ram Bharat.

The Company Forms a Part of the Following Indices The Company Forms a Part of the Following Indices NSE Patanjali

Nifty 200                                                                         Nifty 500

NIFTY 500Multicap 50:25:25 Index                         Nifty Large Midcap 250

S&P BSE 150 Mid Cap Index                                      S&P BSE 200

S&P BSE 250 Large Mid Cap Index                           S&P BSE 400 Mid Small Cap Index

Nifty Midcap 100                                                          Nifty Midcap 150

S&P BSE 500                                                                  S&P BSE All Cap

S&P BSE Fast Moving Consumer Goods                 S&P BSE Large Mid Cap

Nifty Mid Small cap 400                                             Nifty Total Market

S&P BSE Mid Cap                                                         S&P BSE Mid Small Cap.

Frequently Asked Questions

1. How to buy PATANJALI shares on nse?

To buy PATANJALI shares in Motilal Oswal, you must create a Demat account and get your KYC documents verified online.

2. What is the PATANJALI share price today?

The PATANJALI shares price on nse is Rs.941.00 today.

3. What is the market cap of PATANJALI shares on nse?

The company has a market capitalization of Rs.34568.70

4. What is the PE & PB ratio of PATANJALI shares?

PE is 40.29, and PB is –

5. What is the 52 Week’s High and Low of PATANJALI shares?

PATANJALI stock price high: Rs.1495.00

PATANJALI stock price low: Rs.853.50.

Conclusion

Among India’s oldest and most established edible oil players, Patanjali Foods Limited’s strong brand recognition has enabled the Company to maintain its leading position in the industry. And also, The continuous efforts by the company have today established Nutrela, Mahakosh, Sunrich, Ruchi Gold & Ruchi No.1 as iconic brands across the country. And also, The company management includes Aacharya Balkrishna, R L Gupta, Tejendra Mohan Bhasin, Ram Bharat, Swami Ramdev, Girish Kumar Ahuja, Gyan Sudha Misra, Aacharya Balkrishna (Managing Director), among others.

Also Read: Wellhealthorganic.com: Benefits of Ashwagandha in Hindi

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