Investment5 Jan 2026, 05:41 pm
Patanjali Foods Invests INR 35 Crore in Wholly-Owned Subsidiary Rishikrishi Farming
AI Summary
Patanjali Foods Ltd has made a further investment in its wholly-owned subsidiary, Rishikrishi Farming Private Limited, by subscribing 3,50,00,000 (Three Crore Fifty Lakh) Zero Percent Redeemable Preference Shares through a right issue. The investment, amounting to INR 35,00,00,000, was made to improve farming, innovate in the area of agriculture and plantation, and produce high-quality seeds of fruits, vegetables, and grains.
Key Highlights
- Patanjali Foods has invested INR 35 crore in its wholly-owned subsidiary, Rishikrishi Farming Private Limited.
- The investment is in the form of 3,50,00,000 (Three Crore Fifty Lakh) Zero Percent Redeemable Preference Shares.
- Rishikrishi Farming is engaged in the field of farming business, improving all types of farming, and innovating in the area of farming, agriculture, and plantation.
- The turnover of Rishikrishi Farming for the financial year ended March 31, 2025 was NIL.
- Patanjali Foods continues to hold 100% share capital of Rishikrishi Farming, keeping its subsidiary status unchanged.