Patanjali Foods’ OFS opens for retail investors; shares hit 5% upper circuit
Patanjali Foods’ shares hit a 5% upper circuit, reaching INR1,225 (USD16.39), after its two-day offer for sale of up to 7% stake, or 2.53 crore shares, opened for retail investors. No reason was given for the change of heart when Patanjali Ayurved, the company’s promoter, announced it would not utilise the 2% oversubscription option.
