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Patanjali Foods’ promoters to dilute 6% stake to meet minimum shareholding norms

01 Jun 2023 Evaluate

Patanjali Foods’ (PFL) promoters are planning to sell shares to institutional investors in June for dilution of a 6 per cent stake to meet minimum public shareholding norms of 25 per cent. At present the public shareholding in PFL stands at 19.18 per cent, which needs to be increased to a minimum of 25 per cent.

Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 mandates a listed entity to have a minimum public shareholding (MPS) of 25 per cent. Patanjali Foods, erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process.

Patanjali Foods, erstwhile Ruchi Soya Industries, sells its products under brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight.


Patanjali Foods Share Price

460.45 -8.70 (-1.85%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
AWL Agri Business 184.70
Patanjali Foods 460.45
Gokul Agro Resources 206.15
Marico 760.45
BCL Industries 32.90
View more..

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