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Business Line

Cressanda subsidiary secures exclusive Patanjali water distribution deal

This partnership expands Cressanda Retail’s existing distribution network

Business Standard

Stocks To Watch: Patanjali Foods, Zydus Life, Max Health, Tata Power, MTNL

The US FDA has issued a warning letter to Zydus Lifesciences citing significant manufacturing lapses at its Gujarat-based plant.

Business Line

GQG Partners raises stake in Patanjali Foods

Our Bureau/GQG Partners is already holding 3.2 per cent equity in Patanjali through two funds

The Economic Times

GQG Partners increases stake in Patanjali Foods by 1.24% for Rs 835 crore

Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction.

Business Standard

GQG Partners ups stake in Patanjali Foods by 1.24% for Rs 835 crore

Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction. According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 lakh shares or 1.24 per cent stake in edible oil major Patanjali Foods. The shares were picked up at an average price of Rs 1,854 apiece, taking the deal value to Rs 834.99 crore. After the latest transaction, GQG Partners' shareholding in Patanjali Foods has increased to 4.43 per cent from 3.19 per cent. Meanwhile, Patanjali Ayurved Ltd on Friday sold 97.92 lakh shares or 2.71 per cent stake in the company for Rs 1,815 crore, the data showed on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 1,854.08 per piece, taking the deal value to Rs 1,815.67 crore. After the share sale, the promoter and promote

CNBC TV18

Patanjali Foods Block Deal: Stock falls 3% after 1.2 crore shares change hands

Earlier, CNBC-TV18 had reported that Patanjali Group is set to raise up to $240 million through a block trade. This involves the sale of a 3% stake in Patanjali firms at a floor price of ₹1,815 per share.

CNBC TV18

Patanjali group firms likely to raise up to $240 million via block deals

Shares of Patanjali Foods settled at ₹1,931.35 apiece on the NSE, close to its 52-week high price of ₹1,992.20.

Mint

Stock market today: Trade setup for Nifty 50 to global markets, five stocks to buy or sell on Tuesday — Sept 3

Stocks to buy today: Exeprts have recommended five shares to buy today —Thangamayil Jewellery, Patanjali Foods, Balkrishna Industries, ONGC, and Wipro

Mint

Delhi HC seeks Centre's stand following ‘misbranding’ of non-vegetarian Patanjali Divya Dant Manjan

The Delhi High Court has asked the Centre to clarify its stance on a petition against the misbranding of Patanjali Divya Dant Manjan, which is labeled as vegetarian but contains fish extract. The matter will be heard in November.

Business Standard

HC asks for Centre's stand on plea over 'misbranding' of Patanjali product

The Delhi High Court on Friday sought the Centre's stand on a petition seeking action against the alleged misbranding of Patanjali's "Divya Dant Manjan" as a vegetarian product. The petitioner's counsel claimed that though the dental care product was being sold with a "green dot", symbolising that it was a vegetarian commodity, it contains fish extract, a non-vegetarian ingredient. Justice Sanjeev Narula issued notice to the Centre, the Food Safety and Standards Authority of India (FSSAI) as well as Patanjali, Divya Pharmacy, Yoga guru Ramdev and other related parties on the petition by lawyer Yatin Sharma. The law does not mandate declaration of a "drug" as vegetarian or non-vegetarian but the packaging of "Divya Dant Manjan" wrongly carries a "green dot", which qualifies as "misbranding" under the Drugs and Cosmetics Act, the petitioner's counsel argued. The matter would be heard next in November. Represented by advocates Swapnil Chaudhary and Prashant Gupta, the petitioner stat

Business Standard

SC stays Ayush Ministry's notification in Patanjali misleading ads case

'Rule 170 of Drugs and Cosmetic Rules 1945, which deals with prohibition of misleading advertisement of Ayurveda, Siddha or Unani drugs, shall remain in the statute book'

The Economic Times

Supreme Court closes contempt proceedings against Patanjali Ayurved

A Bench comprising Justices Hima Kohli and Ahsanuddin Amanullah accepted the unconditional apology submitted by Ramdev and Balakrishna and also published in various newspapers across the country. “The present proceedings are closed and the notice to show cause issued to the proposed contemnors is discharged,” it said.

Business Standard

Tourism sector could resolve 50% of India's job challenges: Lemon Tree CMD

The tourism sector has the potential to resolve 50 per cent of the country's employment challenges with the right government support, Lemon Tree Hotels Chairman and Managing Director Patanjali Govind Keswani said on Saturday. Delivering his address at the first National Conclave on India 2047, organised by IIM Calcutta, he said India's tourism sector is on the verge of hitting the inflexion point. Keswani pointed out that several countries have seen that the tourism sector contributes as much as 15-20 per cent to their GDP and account for 25 per cent of employment. Expressing disappointment over the government's approach towards the tourism sector, he said, "In India, tourism contributes only 6.5 per cent to GDP and a similar share in employment. This sector holds enormous potential for creating jobs." "If the government can leverage this opportunity effectively, it could address up to 50 per cent of our employment challenges," he said. Discussing India's current economic landscap

The Economic Times

Tourism sector could resolve 50% of India's employment challenges: Lemon Tree CMD

At the first National Conclave on India 2047 organized by IIM Calcutta, Patanjali Govind Keswani, Chairman and Managing Director of Lemon Tree Hotels, highlighted the tourism sector's potential to address 50% of India's employment challenges with proper government support. He noted that while tourism significantly contributes to GDP and employment in other countries, in India, it only accounts for 6.5% of GDP and employment.

Hindustan Times

Ramdev claims anti-Ayurveda cartel targeting Patanjali: ‘Destroying nationalism which we denote'

Ramdev said that there is narrative being made against Patanjali's research and development facilities.

The Economic Times

Anti-Ayurveda cartel trying to damage Patanjali's reputation: Baba Ramdev

The yoga guru claimed that people are spreading rumours about the brand because Patanjali is not just a product but has become an ideology for millions of its consumers.

Business Line

Patanjali Foods to acquire Patanjali Ayurved's home, personal care biz for ₹1,100 cr

This is subject to the approval of shareholders, lenders and other necessary approvals

Business Line

Stocks that will see action today: July 2, 2023

Buzzing stocks: DCX Systems, Cupid, Religare Enterprises, Patanjali Foods, IOL Chemicals, ITC Hotels

The Economic Times

Patanjali Foods to buy group company's non-food business for Rs 1,100 crore

Patanjali Foods and Patanjali Ayurved have also agreed to enter into a licensing agreement, permitting Patanjali Foods to use the trademarks and associated intellectual property rights owned by the latter, the company said. Analysts said the acquisition would accelerate the company's objective of transitioning to an overall FMCG company.

The Economic Times

Patanjali Foods to buy Patanjali Ayurved's home, personal care business for Rs 1,100 crore

Patanjali Foods Limited board approves Rs 1,100 crore acquisition of Patanjali Ayurved's Home and Personal Care business, leveraging brand equity in key segments for revenue growth and synergies. The company aims for product innovations and cost optimization.