Amidst the freezing of promoter’s shares, Patanjali Food said that this move will not affect the functioning of the company and it will start the process of bringing the FPO in April.
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Patanjali F.P.O.: The promoter group of Patanjali Food Limited has suffered a major blow from the stock market. National Stock Exchange And the Bombay Stock Exchange has frozen promoters’ shares in Patanjali Foods, which number 29.25 crore. These shares are equivalent to 80.82 per cent stake in the company. Patanjali Foods said that this move will not affect the functioning of the company and it will start the process of bringing the FPO in April to increase the public shareholding to 25 percent, amid the freezing of promoter’s shares.
