Adani investor GQG bets over Rs 2,400 crore on Baba Ramdev’s Patanjali Foods
In the offer of sale (OFS), NRI Rajiv Jain-led GQG picked a 5.96% stake or about 2.15 crore shares of Patanjali. The floor price was kept at Rs 1,000 per share but allotment to non-retail investors was done at a share price of Rs 1,103.80. GQG’s investment would, therefore, be worth around Rs 2,400 crore.
