Patanjali Foods receives proposal to acquire non-food business from Patanjali Ayurved
In a stock exchange filing, Patanjali Foods said it authorized officials to carry out due diligence, appoint professionals, negotiate the terms and conditions of the proposal, and report the findings to the Audit Committee and the Board for further consideration.
The Board accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with Patanjali Ayurved Limited's non-food portfolio in any manner on an arm's length basis. Image: Reuters