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Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
PTI, Apr 26, 2024, 8:52 PM IST
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Patanjali Foods Ltd, which is mainly into edible oils, on Friday said it will evaluate a proposal to acquire the non-food business of promoter group Patanjali Ayurved led by Baba Ramdev.
However, the company did not mention the categories of non-food products it plans to acquire, but sources said it will consider acquiring products falling into dental care, home care, personal care categories, which contribute 50-60 per cent to the promoter’s total turnover.
In a regulatory filing, Patanjali Foods informed that its board has discussed the initial proposal received from Patanjali Ayurved Ltd for a sale of the latter’s non-food business undertaking to the company.
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