Baba Ramdev is going to explode in the stock market!

News Desk: Yoga guru Ramdev’s initial public offering (IPO) of at least 5 companies is about to be launched. Through this companies will be listed on the stock market. According to the report, Ramdev will hold a press conference in this regard on Friday. In this information about the IPO of 5 companies of Patanjali group will be given. Ramdev is planning to launch these IPOs in the next five years.

Simultaneously, Ramdev wants to take his corporate performance to new heights. Earlier in an interview, Ramdev had said that he is planning to launch an IPO of Patanjali Ayurved, Patanjali Lifestyle, Patanjali Wellness and Patanjali Medicine.

Patanjali’s income increased to Rs 10,664.46 crore in FY 2022. It was Rs 9,810.74 crore in the last financial year. However, the company’s net profit stood marginally at Rs 740.38 crore in FY22. In the last financial year it was Rs 745.03 crore. In 2019, Ramdev-led Patanjali Ayurved had bought Ruchi Soya for Rs 4,350 crore as part of a concept process. The company was already listed on the stock exchange. The name of the company has been changed to Patanjali Foods in the same year. The stock of Patanjali Foods closed at Rs 1342.90, down 0.86 per cent, or Rs 11.65, on the BSE on Thursday.

Disclaimer: This article is provided for informational purposes only. The information should not be construed to represent the opinion, policies or views of MoneyMattere.com, nor any of its employees, employees or affiliates.

For more Business updates, Click here.

Leave a Comment