Patanjali Foods announces OFS, shares slip 5%
Patanjali Ayurved, a promoter of Patanjali Foods, will make at least Rs 2,530 crore from the share sale at the floor price. Patanjali Ayurved held 14,25,00,000 shares, or 39.37 per cent stake in Patanjali Foods as of June 30.
The promoter entity is looking to sell up to a 7 stake at a floor price of Rs 1,000 per share. Source: Patanjali Foods' website