India's Patanjali Foods falls on report of top shareholders selling stake

Patanjali Foods

13/09/2024 05:15

** Shares of Patanjali Foods  PAFO.NS  down 3.1% at 1,871
rupees
    ** Controlling shareholders, Patanjali Ayurved and Patanjali
Parivahan, have launched 20 billion rupees ($238.3 million)
worth of shares via block deals, IFR Markets reported
    ** Blocks at floor price of 1,815 rupees, 6% discount to
last close, IFR reported
    ** About 11.6 mln shares change hands as of 9:35 a.m. IST,
most active session since May 2022
    ** About 11.3 mln shares change hands in multiple blocks, as
per LSEG
    ** PAFO up 18.2% YTD




($1 = 83.9250 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))