GulfHindi English Desk: Patanjali Foods has announced a special offer for selling its shares at a significant discount. The company has launched an Offer for Sale (OFS) in which promoter company Patanjali Ayurved Limited is selling around 7% of its stake, equivalent to 2.53 crore shares of Patanjali Foods Limited. This move is aimed at complying with the post-listing rules of reducing the promoters’ shareholding. The minimum price for this OFS has been set at Rs 1,000 per share, while the share closed at Rs 1,228.05 on the BSE on Wednesday. This means that the shares are being offered at a discount of 18.36%. The offer is available for only two days, opening on July
en.gulfhindi.com News Summary
👉Patanjali Foods has announced a discount on its shares for a limited period of two days.
👉The company is offering a discount of 18.36% on its shares.
👉The minimum price for the shares is set at Rs 1,000 per share.
👉The offer is open from July 13 to July 14.
👉The company aims to raise a total of Rs 2,530 crore through this offer.
👉Patanjali Foods is offering 25,339,640 shares through OFS.
👉There is an option to sell an additional 7,239,897 shares.
👉The promoter’s stake will be reduced by 9% if the additional shares are sold.
👉This is a golden opportunity for investors to buy Patanjali Foods shares at a discounted
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