Patanjali Ayurved

KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food

Construction and infrastructure firm KBC Global has raised nearly Rs 100 crore from Falcone Peak Fund, Patanjali Food and Herbal Park and other investors, a statement said on Monday. The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors, the company said. The company board has approved the issuance of warrants at a price of Rs 2.20 per warrant, it added. Out of the total issue, Falcone Peak Fund (CEIC) Ltd will be allotted 26 crore warrants for around Rs 57.2 crore. Patanjali Parivahan Pvt Ltd and Patanjali Food and Herbal Park will be allotted 4.55 crore warrants and Foresight Holding Pvt Ltd is expected to be allotted 2.28 crore warrants, the company said. Post issue of the warrants, the shareholding of Falcone Peak Fund (CEIC) Ltd in KBC Global Ltd is expected to be 8.48 per cent, Patanjali companies around 1.48 per cent and Foresight Holding Pvt Ltd around 1.04 per cent respectively. The warrants shall be converted

CCI okays Rs 1,100 cr buyout of Patanjali Ayurved's home, personal care biz

The Competition Commission of India (CCI) on Tuesday cleared the proposed acquisition of the home and personal care business of Patanjali Ayurved by Patanjali Foods in a Rs 1,100 crore deal. "The proposed combination involves the acquisition of Patanjali Ayurved Ltd's (PAL) Home and Personal Care (HPC) business division (nonfood business) by Patanjali Foods Ltd (PFL)," the CCI said in a release. Patanjali Foods is engaged in processing of oilseeds, refining of crude oil for edible use, production of oil meal, food products from soya and value-added products from downstream and upstream processing. It is also engaged in the business of fast-moving consumer goods, fast moving health goods comprising mainly of food, biscuits and nutraceutical products and engaged in generation of power from wind energy and trading in various products. Patanjali Ayurved is engaged in the business of manufacturing, trading, packing and labelling of ayurvedic medicines, HPC items such as dairy items and

GQG Partners ups stake in Patanjali Foods by 1.24% for Rs 835 crore

Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction. According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 lakh shares or 1.24 per cent stake in edible oil major Patanjali Foods. The shares were picked up at an average price of Rs 1,854 apiece, taking the deal value to Rs 834.99 crore. After the latest transaction, GQG Partners' shareholding in Patanjali Foods has increased to 4.43 per cent from 3.19 per cent. Meanwhile, Patanjali Ayurved Ltd on Friday sold 97.92 lakh shares or 2.71 per cent stake in the company for Rs 1,815 crore, the data showed on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 1,854.08 per piece, taking the deal value to Rs 1,815.67 crore. After the share sale, the promoter and promote

Supreme Court halts Ayush Ministry notification over misleading drug ad

The notification by the Ayush Ministry was in direct breach of the Supreme Court's earlier orders that mandate advertisers to submit a self-declaration before broadcasting or publishing ads

Supreme Court closes contempt case against Patanjali Ayurved, co-founders

The court, however, warned that both of them must comply with all future orders and not repeat their past conduct

Patanjali case: SC orders IMA President to publish apology using own money

Patanjali misleading ads case: The Supreme Court ordered IMA President RV Asokan to issue apology in leading newspapers and to cover its cost himself

SC asks Uttarakhand govt to decide on suspension of 14 Patanjali products

Licences for 14 Ayurvedic products by Patanjali and Divya Pharmacy were suspended by the Uttarakhand government. However, on July 1, the state government revoked its suspension order

Court imposes Rs 50 lakh fine on Patanjali for flouting camphor sales ban

The court had initially restrained Patanjali from selling its camphor products on August 30, 2023

Bombay HC asks Patanjali to deposit Rs 50L for breach of its interim order

The Bombay High Court has directed Patanjali Ayurved to deposit Rs 50 lakh for alleged breach of the HC's interim order restraining it from selling its camphor products, in relation to a trademark infringement case filed by another company. Following trademark infringement allegations by Mangalam Organics Ltd, the HC in an interim order in August 2023 restrained Patanjali Ayurved Ltd from selling its camphor products. A single bench of Justice R I Chagla on July 8 noted that Patanjali, in an affidavit submitted in June, admitted breach of the earlier order granting injunction against sale of the impugned camphor products. "Such persistent breach of the injunction order dated 30th August 2023 by defendant no. 1 (Patanjali) cannot be tolerated by this court," Justice Chagla said in the order, a copy of which was made available on Wednesday. The bench said it would be appropriate to direct Patanjali to deposit a sum of Rs 50 lakh prior to passing of an order for contempt/breach of the

Stopped sale of 14 suspended products: Patanjali tells Supreme Court

Advertisement industry should not suffer due to orders against company, says court

Supreme Court asks IMA to ensure Patanjali removes misleading ads

Patanjali tells Supreme Court it has stopped selling 14 products whose manufacturing licences were suspended in Uttarakhand

Patanjali Foods to buy Patanjali Ayurved's non-food biz for Rs 1,100 cr

Baba Ramdev-led Patanjali Ayurved has decided to sell its home and personal care business to listed group firm Patanjali Foods Ltd for Rs 1,100 crore. The acquisition will help edible oil firm Patanjali Foods to become an FMCG company. In a regulator filing, Patanjali Foods informed that the board has approved the "acquisition of the entire non-food business undertaking i.e. hair care, skin care, dental care and home care carried out by Patanjali Ayurved, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis". This is subject to the approval of shareholders, lenders and other necessary approvals. The deal will accelerate the company's transition into a leading FMCG company, Patanjali Foods said. The home and personal care business of Patanjali Ayurved currently has strong brand equity in India's FMCG space and enjoys a

Patanjali's 'soan papdi' fails quality test, official and others arrested

The District Food Safety Officer of Pithoragarh collected the 'soan papdi' from a shop in Berinag Market in September 2019 following concerns about the Patanjali product

'Can't sit on a couch and say anything': Supreme Court raps IMA president

IMA President Dr RV Asokan drew sharp criticism from the Supreme Court for his remarks concerning the court's ruling in a case involving misleading advertisements by Patanjali Ayurved

SC reserves order on contempt notice to Baba Ramdev in misleading ads case

Balkrishna and Patanjali Ayurved also served notice in Patanjali misleading ads case

Misleading ads case: SC says public figures must act with responsibility

It is imperative for celebrities and public figures to act responsibly while endorsing a consumer product, the Supreme Court said on Tuesday as it clamped down on misleading advertisements. The apex court directed that before an advertisement is permitted to be issued, a self-declaration be obtained from advertisers on the line of the Cable Television Network Rules, 1994. Rule 7 of the 1994 law stipulates an advertisement code that says advertisements carried should be designed to be conformity with the laws of the country. A bench of Justices Hima Kohli and Ahsanuddin Amanullah also directed the Union ministries concerned to apprise it of misleading advertisements and the action taken or proposed to be taken against them by the Central Consumer Protection Authority (CCPA). "Endorsements by celebrities, influencers and public figures go a long way in promoting products and it is imperative for them to act with responsibility while endorsing any product in the course of advertisemen

SC terms IMA prez's comments on top court in Patanjali case 'unacceptable'

The Supreme Court on Tuesday termed as "very, very unacceptable" the statements made by Indian Medical Association (IMA) president R V Asokan targeting the apex court in a recent interview where he answered questions about Patanjali Ayurved's misleading advertisements case. Expressing displeasure over Asokan's comments a day before the top court was slated to the hear the matter, a bench of Justices Hima Kohli and Ahsanuddin Amanullah sought his response on an application filed by Patanjali Ayurved Ltd. Senior advocate Mukul Rohatgi, appearing for Patanjali, told the bench that they have filed an application urging the court to take judicial notice of the "wanton and unwarranted comments" made by the IMA president. "This is a very serious issue. They are trying to divert the course of justice Your lordships asked one or two queries and see how they are reacting as if nobody can ask anything," Rohatgi said. Rohatgi said at the last hearing, he had handed over to the court the ...

SC criticises state authority for inaction in Patanjali misleading ads case

'When you want to do something, you do it with lightning speed, but if you don't, then for years nothing moves,' the Supreme Court bench told the Uttarakhand State Licensing Authority

Uttarakhand Licensing Authority faces SC ire for inaction in Patanjali case

The Supreme Court on Tuesday came down heavily on the Uttarakhand State Licensing Authority for its "inaction" for six years in the misleading advertisements case involving Patanjali Ayurved Limited, saying it has to be honest with the court if it wanted "sympathy and compassion". While expressing dissatisfaction over the explanation offered in the affidavits, including the one filed by the State Licensing Authority (SLA), the apex court questioned why the authority has "woken up" only after the court's April 10 order. "The long and short of it is, when you want to move, you move like lightning and if you don't want to move, you drag your feet forever and ever. This is what it shows," a bench of justices Hima Kohli and Ahsanuddin Amanullah observed after perusing the affidavit filed by the SLA. During the hearing, the bench appreciated the "marked improvement" in the unconditional public apology published in newspapers by yoga guru Ramdev, his aide Balkrishna and Patanjali Ayurved L

SC appreciates 'marked improvement' in public apology by Ramdev, Patanjali

The Supreme Court on Tuesday appreciated the "marked improvement" in the unconditional public apology published in newspapers by yoga guru Ramdev, his aide Balkrishna and Patanjali Ayurved Ltd in the misleading advertisements case. A bench of justices Hima Kohli and Ahsanuddin Amanullah told senior advocate Mukul Rohatgi, appearing for Ramdev, Balkrishna and Patanjali Ayurved Ltd, that language of the apology was adequate and the names were also there in it. "I don't know the second apology is on whose vetting. There has been marked improvement," Justice Amanullah said, adding, "We appreciate that. Now finally they have understood." He said earlier when the apology was published, only the company's name was there. "Now the names have come. It is a marked improvement, we appreciate that," Justice Amanullah observed, adding, "The language is adequate." During the hearing, the apex court asked the firm's counsel as to why they have e-filed the apology published in newspapers when the