Patanjali Foods Locked in 5% Lower Circuit After Exchanges Freeze Promoters’ Shares
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Last Updated: March 16, 2023, 13:26 IST Ramdev made the remark while speaking before a gathering early morning at Miramar beach in Goa. (Image: Twitter) Shares of Patanjali Foods fell over on March 16 to hit the lower circuit at Rs 912.9 after bourses put a freeze on the shares held by promoters Shares of Patanjali Foods fell over on March 16 to hit the lower circuit at Rs 912.9 after bourses put a freeze on the shares held by promoters and promoter entities over their failure to meet the minimum public shareholding norm. The fast-moving consumer goods company issued a statement on Thursday on SEBI’s action against the promoter and promoter group saying that the stock exchanges’ move against it will not have any impact on the company’s financial position. In a filing to the exchanges, the company said it has a strong management team in place and is on the path to register a robust business and financial performance. “We have received a communication from our promoters that...