Meltdown in shares of Dalal Street debutants and volatility triggered by geopolitical tensions soured the sentiments for the primary markets, with fund mobilisation through IPOs halving to nearly Rs 57,000 crore in 2022 and the New Year is expected to be even quieter. The overall collection would have been much lower had it not been … Read more
Baba Ramdev-led FMCG company Patanjali Foods today reported a 31.6% YoY drop in its standalone Q2 net profit at Rs 112.28 crore amid pressure on margins in the edible oil business. Its September quarter revenue, however, jumped 42% YoY to Rs 8,514 crore. The company, which was earlier known as , blamed the pressure on … Read more
Yoga guru Baba Ramdev on Friday announced that Patanjali Group will launch at least four IPOs in the next five years. “We will launch at least four IPOs for sure – Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle – in the next five years,” Baba Ramdev announced at a press conference on Friday. … Read more
New Delhi: Nearly 97 lakh bids were withdrawn in Ruchi Soya Industries’ Rs 4,300 crore follow on public offer after markets watchdog Sebi had directed the company to give investors the option to withdraw their bids, according to sources. However, the Follow on Public Offer (FPO) is complete. In a rare move, Sebi, on March … Read more
NEW DELHI: Shares of Ruchi Soya hit upper circuit on Thursday after the company announced its foray into nutraceuticals & wellness products. The company will initially launch 10 products under the brand ‘Patanjali’ and ‘Nutrela‘. The scrip soared 5 per cent to hit to settle at Rs 1,137.50 on Thursday. BSE Sensex closed at a … Read more
Mumbai: Learning its lesson from Ruchi Soya Industries’ extreme share price movement after the company went through insolvency proceedings, the Securities and Exchange Board of India (Sebi) proposed to rejig the minimum public shareholding norms for firms under insolvency. In a consultation paper floated on Wednesday, the markets regulator proposed three options for companies which … Read more