After Patanjali took over Ruchi Soya, the company's share price jumped by a staggering 8,750% in just 5 months. The group decided to launch a follow-on public offering on an FBO. Investors made a lot of money too because the shares soared by 75% within a month. Now you could ask, why didn't PatanJali sell more shares back then? It could have met the regulatory limit well in time if it had just done that right? But we don't know the answer to that, so it's a mystery. And maybe, just freezing shares isn't enough. Sebi has the power to impose monetary penalties. If they want
In today’s episode for 20th March 2023, we explain why NSE and BSE have banned the promoters of Patanjali Foods from selling their shares