Patanjali Foods to Acquire Patanjali Ayurved's Home and Personal Care Business for Rs 1,100 Crore

Patanjali Foods Ltd plans to acquire Patanjali Ayurved’s home and personal care division for Rs 1,100 crore. The acquisition includes assets, properties, and liabilities and aims to strengthen Patanjali Foods’ position in the FMCG sector. Funding for the deal will come from internal cash reserves, with completion expected this quarter.

Patanjali Foods Ltd announced on Monday its acquisition of Patanjali Ayurved's home and personal care business for Rs 1,100 crore. The move aims to bolster Patanjali Foods' standing in the FMCG sector.

This related-party transaction was approved by the board and comprises hair care, skin care, dental care, and home care sectors. The acquisition involves the transfer of all movable and immovable assets from Patanjali Ayurved.

The deal, funded by internal cash reserves, will be settled in five tranches, with completion expected within the current quarter. CEO Sanjeev Asthana stated the acquisition would enhance the company's revenue and net profit significantly.