Patanjali Foods shares crack 5% after bourses freeze promotors' holding; CEO Sanjeev Asthana clarifies
The company on Wednesday said that stock exchanges have frozen 292.58 million shares of 21 promoter group entities for not meeting the SEBI norm. The exchanges have acted as per regulator SEBI’s master regulation, and as such, the SEBI would not act on such individual cases.
Patanjali Foods shares fall after stock exchanges freeze promoters' shares Pic: Reuters