The Patanjali Group firms are set to raise up to $240 million through a block trade on Friday, September 13. The transaction involves the sale of a 3% stake in the firms, with a floor price of ₹1,815 per share. Shares of Patanjali Foods settled at ₹1,931.35 apiece on the NSE, close to its 52-week high price of ₹1,992.20. Patanjali Foods acquired Ruchi Soya Industries in 2019 for ₹4,350 crore.

In July 2024, Patanjali Foods announced its acquisition of Patanjali Ayurved’s non-food business for ₹1,100 crore. This acquisition includes the company’s home and personal care business, which includes dental care, skin care, hair care, and home care.

Patanjali Foods reported on July 19 a 199.43% year-on-year (YoY) jump in net profit at ₹262.9 crore for the first quarter that ended June 30, 2024. The company’s revenue from operations declined 7.6% to ₹7,173 crore as against ₹7,767 crore in the corresponding period of the preceding fiscal.