LICHSGFIN

raises stake to 7.06% in Baba Ramdev’s Patanjali Foods. Stock edges higher

e Insurance Corporation of India !(LIC) has increased its stake in Patanjali Foods, which is primarily engaged in the processing of oilseeds and the refining of edible oil, by about 2% through the open market. The insurance behemoth disclosed in a regulatory filing today that it bought 73 lakh shares of Patanjali Foods, acquiring shares between November 25, 2024, and March 4, 2025. As a result of this transaction, LIC's overall stake in the company crossed 7%, reaching 7.06%. At the end of the December quarter, promoters held a 69.95% stake in the company, while FIIs and DIIs owned 13.3% and 6.3%, respectively. The remaining 10.3% was held by general public shareholders. Baba Ramdev-led Patanjali Ayurveda, an Indian consumer goods company, acquired Ruchi Soya Industries in 2019 and renamed it as Patanjali Foods. In January 2020, Ruchi Soya shares (now Patanjali Foods) were relisted.