Patanjali Foods Invests Rs 25 Cr In Its Fully-owned Subsidiary, Contemporary Agro

On Monday, Patanjali Foods reported to the stock markets that it has subscribed to equity share capital on a rights basis and invested Rs 25 crore in Contemporary Agro (CAPL), its wholly-owned subsidiary. The Bombay Stock Exchange (BSE) filing states that on September 23, Patanjali purchased 2,50,00,000 equity shares of CAPL. Supported by Baba Ramdev and Balkrishna, CAPL is a fully-owned subsidiary of Patanjali Foods.

"The main objective of the subsidiary Company is to provide training to farmers, to use other human resources in the field of farming, improve all types of farming and innovate in the area of farming, agriculture and plantation, to produce high-quality seed of fruits, vegetables and grains," Patanjali said.

In April 2024, Patanjali Foods established two wholly-owned companies in India: Rishikrishi Farming and Contemporary Agro. This year, Patanjali Foods shared that Patanjali Ayurved permitted its board of directors to sell PAL's non-food business venture to the company.

In May 2021, Patanjali Foods paid Rs 60.03 crore to acquire the biscuit division of Patanjali Natural Biscuits. Additionally, the company bought Patanjali Ayurved Limited's food division in May 2022 for Rs 690 crore and the noodles and breakfast cereals division for Rs 3.50 crore in June 2021.