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Shares fall

In the information sent to the stock markets, Patanjali Foods has said that at the minimum price, it will be able to raise at least Rs 2,530 crore from this share sale. Shares of Patanjali Foods closed marginally higher at Rs 1,228.05 on the BSE on Wednesday. The market capitalization of the company stood at Rs 44,454.78 crore.

Amidst the announcement of launching OFS, Patanjali Foods Limited’s shares are witnessing a huge decline. Today Patanjali Foods shares are trading on lower circuit with a fall of 5 per cent. Currently, the shares of Patanjali Foods are at Rs 1,165.10. Till yesterday it was trading at Rs.1241. On the other hand, in the last one month, the shares of Patanjali Foods have risen by more than 11 percent.

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Separate window open for trading

Explain that Patanjali Foods is bringing OFS to meet the norms of minimum shareholding rules on behalf of the promoter. A separate trending window has opened in the stock market from 13th July. However, on the first day i.e. July 13, only non-retail investors can bid for it. And on July 14, only retail investors will be allowed to bid for these shares.

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