Patanjali is preparing to bring FPO to the stock market, know what the plan is? , Patanjali is gearing up to bring FPOs to the share market
Amid freezing the promoter’s stake, Patanjali Food said the move would not affect the company’s operations and it would begin the process of bringing in the FPO in April.
Patanjali FPO: The promoter group of Patanjali Food Limited has suffered a big blow from the stock market. National Stock Exchange And the Bombay Stock Exchange has frozen promoters’ shares of Patanjali Foods, amounting to 29.25 crore. These shares are equivalent to 80.82 percent stake in the company. Patanjali Foods said the move will not affect the company’s operations and it will begin the process of bringing in the FPO in April to increase the public shareholding to 25 percent, amid a moratorium on promoters’ shares.
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