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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A successful offer for sale, soon after an FPO, helps his Patanjali group recoup nearly twice what it paid for acquiring Ruchi Soya.
Baba Ramdev has done it again.
Let me first catch you up. On 12 July, his Patanjali Foods sent a notice to stock exchanges that its largest shareholder, Patanjali Ayurved, would sell 7% of its stake in the FMCG company through the offer-for-sale process. It was doing so as its shareholding was in violation of listing rules that require a listed company to have 25% public shareholding. In its case, Patanjali Ayurved held over 80%.
As per the notice, Patanjali Ayurved would sell a 7% stake (25.3 million shares) in Patanjali Foods to non-retail and retail investors. The offer included …
Colgate ties up with 100Days.co to scale Palmolive online. But the long overlooked brand may need more than a digital push.
The FMCG major acquired the maker of Ching’s Secret to make the most of its high margins, but things didn’t go to plan. Two years and a few lessons later, TCPL is trying to change that.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
