Patanjali Foods Share: Baba Ramdev’s Share Is Available Cheaply, This Offer Will Be Valid Only For Two Days

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If you also want to buy shares of Baba Ramdev’s company Patanjali Foods, then there is a golden opportunity for you. The shares of this company of Baba Ramdev are available at a huge discount. The company has given this offer for two days only.

Due to this need to sell

Actually Patanjali Foods has brought a new offer for sale i.e. OFS. In the offer, promoter company Patanjali Ayurved Ltd is selling about 7 percent of its stake, which is equivalent to 2.53 crore shares of Patanjali Foods Ltd. Patanjali Foods has been required to reduce the stake of the promoters to comply with the rules after listing on the stock market.

Shares are available at such a discount

Patanjali Foods manufactures edible oils and other food products. Currently it is counted among the leading FMCG companies in India. The company has fixed the minimum price for this OFS at Rs 1,000 per share. While shares of Patanjali Foods traded marginally higher on the BSE on Wednesday at Rs. closed at 1,228.05. Thus the shares of Baba Ramdev’s company are available at a discount of 18.36 percent.

Additional shares can be sold

According to Patanjali Foods, this offer is for two days only. The company’s OFS will open on July 13 and close on July 14. Patanjali Foods will get at least Rs. 2,530 crore is sought to be raised. Patanjali Foods says that in OFS Rs. 2 will be an offer of 25,339,640 shares of face value and there will also be a provision to sell 7,239,897 additional shares. If additional shares are sold, the promoter’s stake will be reduced by 9 percent.

Current shareholding pattern of the company

Currently the market capitalization of Patanjali Foods is Rs. 44,454.78 crores. In this, the promoter company Patanjali Ayurved has 14,25,00,000 shares i.e. 39.37 percent stake. All the promoters together hold 29,25,76,299 shares i.e. 80.82 percent stake in Patanjali Foods. As per the existing rules, promoters cannot hold more than 75 percent stake in any publicly listed company.