Back

Anonymous

Hey I am on Medial • 11m

🤯 🔥 Patanjali Foods, which has a market capitalization of $7 billion, is acquiring its parent company Patanjali Ayurved's non-food business in tranches worth Rs 1,100 crore. The acquisition, as a going concern on a slump sale basis, will result in the expansion of the company's product portfolio, Patanjali Foods said in a regulatory filing. Patanjali Ayurved is co-founded by Baba Ramdev and Balakrishna, with Balakrishna serving as the Managing Director. The company's non-food business caters to dental, skin, home, and hair care. Patanjali Ayurved owns a 32.4% stake in Patanjali Foods as of March 31, 2024.

0 replies5 likes

Recommendations from Medial

Harsh Dwivedi
•

Medial • 5m

Top News of the Day: 1. TikTok and its parent company, ByteDance, have urgently requested the US Supreme Court to block the government's ban on the social media platform. 2. Indian software services firm Wipro has agreed to acquire US-based Applie

1 replies37 likes

Aditya Arora
•

Faad Network • 24d

Started from a village with Rs 7000 and built a 33,810 CR company. 1. Born into a farming Jain family in Wakod, Maharashtra, Bhavarlal Jain did not get more than one meal on the table. Still he earned a bachelor's degree in commerce and law. But li

6 replies40 likes

Harsh Dwivedi
•

Medial • 3m

Top News of the Week 1. Funding: - On a weekly basis, startup funding dropped by 43.15% to $136.93 million as compared to around $240.85 million raised during the previous week. - 23 Indian startups collectively secured approximately $137 million

1 replies34 likes