Promoter shares locked in till April of 2023; expect Patanjali Foods dilution in next couple of months: CEO

Patanjali Foods is in talks with investors and is confident that it will be able to sail through with the dilution process. The company needs to raise fresh capital, but it does not need the money at this time. The company is looking to deploy the money towards supporting further investments. The company is debt-free and should be able to raise the money through an OFS or QIP.