<p>New Delhi: 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.</p>.<p>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.</p>.<p>The shares were picked up at an average price of Rs 1,854 apiece, taking the deal value to Rs 834.99 crore.</p>.<p>After the latest transaction, GQG Partners' shareholding in Patanjali Foods has increased to 4.43 per cent from 3.19 per cent.</p>.<p>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).</p>.<p>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.</p>.<p>After the share sale, the promoter and promoter group entities' of Patanjali Foods has come down to 70.1 per cent from 72.81 per cent.</p>.<p>Apart from GQG Partners, details of the other buyers of Patanjali Foods' shares could not be ascertained.</p>.<p>Shares of Patanjali Foods fell 3.75 per cent to close at Rs 1,858.90 apiece on the NSE.</p>.<p>GQG Partners, a key investor in Adani Group, last month increased its stake in GMR Airports Infrastructure to 5.17 per cent by snapping up additional shares worth over Rs 433 crore.</p>.<p>Incorporated in 1986, Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, is one of the leading FMCG players in India.</p>.<p>The company is present in edible oils, Food & FMCG and wind power generation segments. It markets its products through brands like Patanjali, Ruchi Gold, Mahakosh, Nutrela, etc.</p>.<p>Patanjali Ayurved acquired Ruchi Soya through the insolvency process and was later renamed Patanjali Foods Ltd. </p>
<p>New Delhi: 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.</p>.<p>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.</p>.<p>The shares were picked up at an average price of Rs 1,854 apiece, taking the deal value to Rs 834.99 crore.</p>.<p>After the latest transaction, GQG Partners' shareholding in Patanjali Foods has increased to 4.43 per cent from 3.19 per cent.</p>.<p>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).</p>.<p>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.</p>.<p>After the share sale, the promoter and promoter group entities' of Patanjali Foods has come down to 70.1 per cent from 72.81 per cent.</p>.<p>Apart from GQG Partners, details of the other buyers of Patanjali Foods' shares could not be ascertained.</p>.<p>Shares of Patanjali Foods fell 3.75 per cent to close at Rs 1,858.90 apiece on the NSE.</p>.<p>GQG Partners, a key investor in Adani Group, last month increased its stake in GMR Airports Infrastructure to 5.17 per cent by snapping up additional shares worth over Rs 433 crore.</p>.<p>Incorporated in 1986, Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, is one of the leading FMCG players in India.</p>.<p>The company is present in edible oils, Food & FMCG and wind power generation segments. It markets its products through brands like Patanjali, Ruchi Gold, Mahakosh, Nutrela, etc.</p>.<p>Patanjali Ayurved acquired Ruchi Soya through the insolvency process and was later renamed Patanjali Foods Ltd. </p>