Patanjali Foods Invests ₹5 Cr in Subsidiary CAPL

Patanjali Foods Limited has made a further investment of ₹5 crore in its wholly-owned subsidiary, Contemporary Agro Private Limited (CAPL). The investment was made through the subscription of 50,00,000 Zero Percent Redeemable Preference Shares of ₹10 each via a right issue. CAPL is engaged in farming business and innovation in agriculture. This investment will not change Patanjali Foods' shareholding percentage in CAPL, which will remain at 100%. The transaction is considered a related party transaction and has been conducted at arm's length.