GQG Partners Increases Stake In Patanjali Foods To 3.41%

Patanjali Ayurved sold a 2.7% stake in the edible oil company in a bulk deal on National Stock Exchange, dragging the share price down by as much as 4.16% during the day. The sell value indicates that it was sold at a 4% discount as compared to the close of Rs 1,931.25 on Thursday.

Shares of Patanjali Foods closed 3.65% lower at Rs 1,860.95 apiece on the NSE, compared to a 0.13% decline in the benchmark Nifty 50. The stock has risen 43.32% on a year-to-date basis and 18.16% in the past 12 months.