Shares of Patanjali Foods fell more than 2% in morning trading on August 14 after the company posted a 64% drop in net profit to Rs 87.75 crore for the first quarter of this financial year due to oil prices. eat less. Its net profit stood at Rs 241.25 crore in the previous year period. …
Patanjali Ayurveda had earlier said it would sell a 7% stake in the company through a sale offer. In case of oversubscription, he also has to sell 2%. Patanjali Foods promoter Patanjali Ayurvede said on July 13 that he would not take the 2% oversubscription option (also known as the greenshoe option). The reason for …
Patanjali Foods promoter cancels green-shoe option for its ongoing OFS Read More »
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