Sunday, December 22

Tag: Ayurved

Patanjali going to issue its first debentures, looking to raise $33 million
27May By PriyankaNo Comments
Market

Patanjali going to issue its first debentures, looking to raise $33 million

NEW DELHI, 27th May 2020: India's leading natural product based FMCG company Patanjali Ayurved plans to issue $33 million (Rs 250 crore) debentures to meet its working capital requirements and strengthen supply chain network.  This would be the first-ever issuance of debentures by the Haridwar-based firm, which has emerged as one of the leading companies in the FMCG segment in recent years. The non-convertible debentures (NCDs) will carry a coupon rate of 10.10 per cent with a tenure of three years. The maturity date is May 28, 2023. According to information, the bidding date would start on May 28 for NCDs, which would be listed on the stock exchanges and are redeemable. "In this pandemic, demand for Ayurveda-based products, which help in boosting immunity, along with other produc...
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Patanjali Ayurved to Invest Rs 1,300 Crore in Assam
6Nov By Press Trust of IndiaNo Comments
INDIA

Patanjali Ayurved to Invest Rs 1,300 Crore in Assam

Patanjali Ayurved, the FMCG venture promoted by Yoga guru Ramdev, will hire around 5000 people at its upcoming Rs 1,300-crore facility in Assam by the end of this fiscal year. Assam Chief Minister Sarbananda Sonowal today laid the foundation stone of the Patanjali Herbal and Mega Food Park at Balipara in Sonitpur district. "The unit will give direct employment to 5000 people and benefit one lakh farmers. The complete profit from the Food Park will be dedicated for the welfare of Assam by setting up school and skill development centres in each district," Ramdev said at a function. "The unit will give direct employment to 5000 people and benefit one lakh farmers. The complete profit from the Food Park will be dedicated for the welfare of Assam by setting up school and skill developme...
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