Shares of FMCG company Patanjali Foods fell by 4.13% to ₹1,555 apiece in today s early morning trade after the Supreme Court on Tuesday served a contempt notice to Ramdev-owned Patanjali Ayurved and its managing director Acharya Balakrishna.
Shares of Patanjali Foods dipped 44.80 points, or 2.76 per cent lower at 1,577.90. Patanjali Foods has, however, ruled out any threat to its business operations from the adversarial observation by the Supreme Court.
Patanjali Foods, in a regulatory filing on Tuesday, said that the SC order did not relate to Patanjali Foods Limited (PFL), which is an independent listed entity and operates in the space of edible oil and food FMCG products only.