Major measures against Patanjali Foods, owned by Baba Ramdev, have been taken by BSE and NSE. The company's 29.258 billion shares have been frozen by the stock market. 21 promoter bodies own frozen shares. the corporation indicated that this move will not impair its operating. According to Patanjali Foods Ltd (formerly Ruchi Soya Industries), the company's operations and financial position won't be impacted by the promoters' shares being frozen.
Patanjali Foods informed that its promoters are fully committed to achieve minimum public shareholding and discussions are on in this regard. The company says that they are continuously working towards this. He said that the promoters of the company are confident that they will get the mandatory MPS in the next few months.
To reach the MPA, Patanjali must boost its public investment by 5.82 percent from its current 19.18 percent shareholding in the firm. This order of share restraining shall apply to a total of 29,25,76,299 equity shares.