Patanjali Group eyes 4 IPOs in 5 years
NEW DELHI: Patanjali Group on Friday announced it will list five group companies by floating four IPOs in the next five years.
‘’After Patanjali Food Ltd, we aim to bring four IPOs of other companies - Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine and Patanjali Lifestyle. We have already started on an action plan to achieve the target of Rs 5 lakh crore market value of these live-to-be listed companies,’’ a statement said.
Patanjali Foods will be the country’s largest company in oil plantations and once planted the oil palms will give returns for the next 40 years.
‘’With this, the target is to earn annual returns of about Rs 2,000 crore in the next five years,’’ the statement said. It has set a target of increasing its turnover from present Rs 40,000 crore to Rs 1 lakh crore in the next 6-7 years.