Patanjali Food Limited enhances Agricultural Investments

 Patanjali Food Limited has infused Rs 25 crore into its subsidiary, Contemporary Agro Private Limited (CAPL), through a rights-based equity share subscription.

As per the BSE filing, Patanjali acquired 2.5 million CAPL equity shares on September 23.

CAPL, backed by Baba Ramdev and Balkrishna, focuses on Farmer training and empowerment, Innovative farming practices, High-quality seed production for fruits, vegetables, and grains

Patanjali's advertising and sales promotion expenses surged 145% to Rs 424.7 crore in FY2024.

Recent developments include Incorporation of wholly-owned subsidiaries, Contemporary Agro and Rishikrishi Farming, Approval for acquiring Patanjali Ayurved Limited's non-food business, Past acquisitions of biscuits, noodles, breakfast cereals, and food businesses