Patanjali Foods Sees ₹2,223 Crore Block Deal Amid 1.2 Crore Share Exchange

13 Sep 2024 , 03:10 PM

On Friday, September 13, a block deal involving Patanjali Foods saw 1.2 Crore shares exchanged, representing 3.3% of the company’s equity.

The total value of the shares traded was ₹2,223.4 Crore, though the identities of the buyers and sellers remain undisclosed. Patanjali Foods acquired Ruchi Soya Industries in 2019 for ₹4,350 Crore.

In July 2024, Patanjali Foods expanded further by acquiring the non-food business of Patanjali Ayurved for ₹1,100 Crore. The acquisition included Patanjali’s home and personal care segments, covering products like dental care, skincare, haircare, and home care.

Patanjali Foods has witnessed a total of 43% gain in the last one year, and almost 18% gain since the beginning of the year. 

Patanjali Foods, formerly known as Ruchi Soya Industries, is a major Indian multinational FMCG company in the food industry and is headquartered in Indore, India.