Patanjali Yogpeeth founder Baba Ramdev revealed on Friday his massive intentions to launch the IPOs (initial public offerings) of Patanjali firms. In a press conference in New Delhi, Ramdev announced four new Patanjali firms that would be listed on the Indian stock exchange in the next five years.
Earlier this week (September 14), Ramdev said that Patanjali Yogpeeth will invest more than Rs 1,000 crore in Uttarakhand to boost public health and promote the state's rich culture. The founder of Patanjali Yogpeeth, who made the statement in Gangotri, stated that he will try to make Uttarakhand the world's spiritual and cultural capital.
Ruchi Soya Industries Ltd, a significant producer of edible oils, was bought by the Baba Ramdev-led Patanjali group in 2019. Ruchi Soya reported a 25% drop in standalone net profit to Rs 234.33 crore for the March 2022 quarter, owing mostly to higher tax charges. In the previous fiscal year, its net profit was Rs 314.33 crore.
