Patanjali Foods Limited
GQG Partners decreased its stake in Patanjali Foods from 3.13% to 2.89%, selling 26,05,877 shares worth ₹107.49 Cr at ₹412.25 apiece.
A leading processor of oil-seeds and refiner of edible oils, Patanjali Foods operates across the vegetable oil and food products sector in India. The company manufactures and distributes a comprehensive range of edible oils, soya products, and food items through multiple brands and distribution channels. Its vertically integrated operations span from sourcing raw materials to refining, processing, and packaging for retail and institutional customers across the nation.
Florida-based global active manager founded in 2016 by Rajiv Jain (ex-Vontobel) and Tim Carver. Manages USD 150 bn+, with the EM Equity fund alone at USD 23 bn (Sep 2024). India is the top country weight in GQG's EM strategy with nearly USD 10 bn deployed in Indian equities including big names in financials, energy and infrastructure. Jain's quality-growth playbook has made GQG one of the most-watched buyers on the street.