Patanjali Foods to buy Patanjali Ayurved's non-food biz for Rs 1,100 cr

Quick Summary:

In a regulator filing, Patanjali Foods informed that the board has approved the "acquisition of the entire non-food business undertaking i.e.hair care, skin care, dental care and home care carried out by Patanjali Ayurved, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis".

Baba Ramdev-led Patanjali Ayurved has decided to sell its home and personal care business to listed group firm Patanjali Foods Ltd for Rs 1,100 crore.

The acquisition will help edible oil firm Patanjali Foods to become an FMCG company.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Patanjali Ayurved Baba Ramdev FMCG Patanjali Foods FMCG sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 18:45:51 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 12 lines

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Copyright Owner: © Business Standard

News ID: 21441858

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