Patanjali plans IPO for four units

Patanjali plans IPO for four units

THE WHAT? Patanjali is said to be planning to list its four consumer goods divisions, according to a report published by Reuters, as it strives to compete with multinational rivals, Unilever and Colgate-Palmolive.

THE DETAILS The Indian FMCG manufacturer’s main consumer arm, and its health care, wellness and lifestyle divisions will follow in the footsteps Patanjali Foods, which floated last year.

THE WHY? The company is hoping to boost turnover to R1 trillion over the next five to seven years, up from the current R400 billion.

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