Baba Ramdev’s big disclosure about Patanjali IPO
The initial public offering (IPO) seems to have been fought. One after the other companies are launching IPO. Now the name of Baba Ramdev’s Ayurveda company Patanjali (Patanjali) is also going to be added in this episode. Baba Ramdev is going to bring Patanjali IPO soon. Baba had already indicated about this, but now according to an interview given to ET, a decision can be taken by the end of this year regarding Patanjali IPO.
Yoga guru Swami Ramdev has no plans to launch Patanjali IPO this year, but a decision can be taken by the end of the current financial year. Baba Ramdev has said in the interview that we will soon decide on Patanjali’s IPO. Will have to wait a bit for this. A decision regarding Patanjali IPO can be taken by the end of this financial year. He also said that he is busy meeting various institutional investors these days ahead of Ruchi Soya’s Rs 4,300 crore follow-on public offer (FPO).
The yoga guru said the initial investor response to the Ruchi Soya issue has been strong and he would ensure that the pricing of the upcoming offering is in the best interest of all existing and potential shareholders. Ramdev said that potential investors in Ruchi Soya can be happy with the fact that the company is aiming to transform itself into a leading FMCG company (FMCG). At the same time, he said that we will ensure that the size of the commodity business also increases. Especially want to increase the edible oil business.