Last chance to buy shares of Baba Ramdev’s company cheaply, stock running fast

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New Delhi: Today is the last chance to buy the shares of Yoga Guru Baba Ramdev’s company Patanjali Foods Ltd at a cheap price. The company has launched Offer for Sale (OFS) from tomorrow i.e. 13th July. Under this offer for sale, the promoters of the company are selling their 9 per cent stake. The company has fixed the price of one share at Rs 1,000. A fall in the shares of Patanjali Foods was seen in the stock market yesterday i.e. on Thursday. But today the shares of the company opened with a bumper bounce. Upper circuit is being seen in the shares.

The company’s shares are trading at Rs 1,223.35, up 5 per cent. Heavy buying of investors is being seen in the stock. Please tell that Baba Ramdev had bought Ruchi Soya Company through NCLT. The name of Ruchi Soya has been changed to Patanjali Foods Ltd.

Baba Ramdev-led Patanjali Ayurveda Ltd is selling 2.53 crore shares or seven per cent stake in its group company Patanjali Foods Ltd in the stock markets. The company is going to take this step to meet the listing requirement. Shares of edible oil and other food products company Patanjali Foods will be sold through OFS. The minimum price of this offer for sale has been fixed at Rs 1,000 per share. The offer opened on July 13. It will close today i.e. on 14th July.

Amidst the announcement of launching OFS, the shares of Patanjali Foods Limited are witnessing a huge decline yesterday. Shares of Patanjali Foods were trading in the lower circuit yesterday, down 5 per cent. Talking about the last one month, the shares of Patanjali Foods have gained more than 11 percent.

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