Patanjali Foods jumps nearly 8% after report of its non-food business merger
The report said that the merger will be done at 80-90 per cent cheaper valuation. After the merger, the operating profit expected to increase directly by Rs 1,000 crore.
![Patanjali Foods jumps nearly 8% after report of its non-food business merger](https://cdn.zeebiz.com/sites/default/files/2024/06/10/298490-patanjali-foods-new.jpg?im=FitAndFill=(1200,900))
Patanjali Foods shares that closed at Rs 1,402.95 apiece on Friday soared by 7.99 per cent to jump to Monday's high of Rs 1,515.00 apiece.