Patanjali Foods Limited on Monday informed the stock exchanges that the company has invested ₹25 crores in Contemporary Agro (CAPL) and ₹20 crores in Rishikrishi Farming (RFPL) respectively, its wholly-owned subsidiaries.
Patanjali Foods incorporated two wholly-owned subsidiaries, Contemporary Agro and Rishikrishi Farming, in India in April 2024. The main objectives of these subsidiaries company are to provide training to farmers, to use other human resources in the field of farming, to improve all types of farming and innovate in the area of farming, agriculture and plantation, and to produce high-quality seeds of fruits, vegetables and grains.
This year, Patanjali Foods stated that its board of directors received approval from Patanjali Ayurved Limited for the sale of the non-food business undertaking to the company.
In the past, Patanjali Foods acquired the biscuits business of Patanjali Natural Biscuits Private Limited for ₹60.03 crore in May 2021. The company also acquired the Noodles and Breakfast cereals business for ₹3.50 crore in June 2021 and the food business in May 2022 for ₹690 crore from Patanjali Ayurved Limited.
