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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.

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