Baba Ramdev declared that he might soon launch the Initial Public Offering (IPO) of the four companies under the Patanjali brand. Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine, and Patanjali Lifestyle form the four companies which will be listed in the stock market within the next five years. The world-renowned yoga guru mentioned that Patanjali is planning to sell a six percent promoter’s stake in Patanjali Foods.
Ramdev Baba said, “We will bring plans to reduce stake by November. We are in talks with domestic brokerage firm Motilal Oswal in this regard.”
As the government does not permit the companies listed on the stock exchange to hold more than 75 percent promoter’s stake, the stake sale of Patanjali will soon be underway. Patanjali Foods, earlier known as Ruchi Soya Industries, has around 80 percent stake currently held by the promoters.
With the shares hitting the ₹ 50,000 crore market cap milestone, Patanjali Foods remains a cash cow for its investors. Patanjali Foods announced a dividend of ₹5 per equity share to its shareholders with 26th September as the record date. Also aiming to capture the edible oils market, Patanjali Foods has made its presence felt everywhere including Patanjali online activities.
