Ramdev To Announce IPO Plans Of 5 Patanjali Group Companies Tomorrow — Check Details

Ramdev To Announce IPO Plans Of 5 Patanjali Group Companies Tomorrow — Check Details

Yoga Guru Ramdev is all set to announce a slew of Initial Public Offering (IPO) plans for five of the Patanjali Group companies on Friday. The move is aimed at scaling new heights of corporate performance. According to a press release, Patanjali said, “We are pleased to inform you that Swami Ramdev Ji Maharaj will address an important press conference on September 16, 2022 (Friday) in New Delhi.”

The press meet is aimed at exposing “conspiracies and efforts of rumor-mongers who spread false facts and figures with a vested motive to disparage Patanjali and its Swadeshi Movement in the direction of stronger and healthier India.”

Ramdev will outline VISION & MISSION 2027 of Patanjali Group apart from narrating five major priorities and goals for the next five years towards the mission to make Aatmanirbhar Bharat a reality.

Besides, the yoga guru will brief about five new IPOs in the next five years of five of the group companies on which special focus will be synchronised in a bid to scale new heights of corporate performance and excel lance on the principles of “Prosperity For Charity and Commit Less Deliver More”.

Currently, Patanjali Foods is the only group firm that is listed on the bourses. However, the IPO of this company did not come under the leadership of Ramdev. This company, listed as Ruchi Soya, was bought by Patanjali Ayurved in 2019 for Rs 4,350 crore under a resolution process.

Patanjali’s revenue increased to Rs 10,664 crore in FY22 compared to Rs 9,810 crore in the previous fiscal year. However, net profit was marginally lower to Rs 740 crore against Rs 745 crore in FY22.

Ramdev said that on improving public health and promote promote cultural heritage in Uttarakhand, Patanjali Yogpeeth will make investments of more than Rs 1,000 crore in the state. He also added that the world health mission will begin from the state.