Last chance to buy shares of Baba Ramdev’s company cheaply, stock running fast
The company’s shares are trading at Rs 1,223.35, up 5 per cent. Heavy buying of investors is being seen in the stock. Please tell that Baba Ramdev had bought Ruchi Soya Company through NCLT. The name of Ruchi Soya has been changed to Patanjali Foods Ltd.
Baba Ramdev-led Patanjali Ayurveda Ltd is selling 2.53 crore shares or seven per cent stake in its group company Patanjali Foods Ltd in the stock markets. The company is going to take this step to meet the listing requirement. Shares of edible oil and other food products company Patanjali Foods will be sold through OFS. The minimum price of this offer for sale has been fixed at Rs 1,000 per share. The offer opened on July 13. It will close today i.e. on 14th July.
Amidst the announcement of launching OFS, the shares of Patanjali Foods Limited are witnessing a huge decline yesterday. Shares of Patanjali Foods were trading in the lower circuit yesterday, down 5 per cent. Talking about the last one month, the shares of Patanjali Foods have gained more than 11 percent.
