Patanjali Ayurved is planning to sell up to 2.53 crore shares in its group firm Patanjali Foods on stock exchanges in a bid to increase public float to meet listing requirements. The shares of Patanjali Foods, which is into edible oil and other food products, will be offloaded through the Offer For Sale (OFS) route. The floor price has been fixed at Rs 1,000 per equity share for the offer, which is open on July 13 and July 14, 2023. At the floor price, Patanjali Ayurved -- a promoter of Patanjali Foods -- will garner at least Rs 2,530 crore from the share sale.
Patanjali Foods, erstwhile Ruchi Soya Industries, sells its products under brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight.
