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Patanjali Foods OFS: Promoter cancels greenshoe option after strong response from institutional investors
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Patanjali Foods has decided not to exercise the oversubscription option of selling an additional 2% stake. Accordingly, the total offer size will just be the base offer size, which is 7% stake the promoters initially planned to sell.
On Day 1, which is the T day, the non-retail portion of the OFS was subscribed 200%. The OFS of Patanjali Foods, under which the promoter Patanjali Ayurved will offload about 7%, will be available for retail investors to bid tomorrow.
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