Brief: Patanjali Foods Approves Acquisition Of Non-Food Business Undertaking Carried Out By Patanjali Ayurved

Patanjali Foods

01/07/2024 13:56

July 1 (Reuters) - Patanjali Foods Ltd  PAFO.NS :
    * PATANJALI FOODS LTD - APPROVED ACQUISITION OF ENTIRE
NON-FOOD
BUSINESS UNDERTAKING CARRIED OUT BY PATANJALI AYURVED
    * PATANJALI FOODS - CONSIDERATION FOR ACQUISITION SHALL BE
11
BILLION RUPEES
    * PATANJALI FOODS LTD - HOME AND PERSONAL CARE BUSINESS
ACQUISITION BY PATANJAII FOODS LIMITED ON SLUMP SALE BASIS
    * PATANJALI FOODS - CO AND PAL HAVE ALSO AGREED TO ENTER
INTO A
LICENSING AGREEMENT
    * PATANJALI FOODS - LICENSING AGREEMENT PERMITS CO TO USE
TRADEMARKS, ASSOCIATED IPR OWNED BY PAL
    * PATANJALI FOODS - LICENSING ARRANGEMENT FOR 3 % TURNOVER
BASED
FEE ALONG WITH OTHER CONDITIONS HAS BEEN AGREED BETWEEN CO, PAL

Source text for Eikon:  ID:nNSE2Xb4q9 
Further company coverage:  PAFO.NS 

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