Recent events
Recent events tied to this brand in public sources.
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2022
PNB and Patanjali launch co-branded contactless credit cards
Punjab National Bank and Patanjali Ayurved Limited launched co-branded contactless credit cards on NPCI’s RuPay platform, in Platinum and Select variants.
2022
Patanjali announces discounts on Coronil kits
Patanjali Ayurved announced discounts of 25% on Coronil kits at its centres and 40% for qualifying bulk or institutional purchases.
2021
Ruchi Soya acquires Patanjali noodles and breakfast cereal business
Ruchi Soya said it acquired the noodles and breakfast cereal business from Patanjali Ayurved Limited under an assignment agreement dated June 2, 2021.
2020
Patanjali launches Coronil and Coronakit
Patanjali Ayurved launched Coronil with Coronakit and claimed that the medicine could treat COVID-19. The reported treatment claims were attributed to the company and its co-founder; the article also reports that the government subsequently restricted promotion of the medicine.
2020
Patanjali announces Coronil
Patanjali announced the launch of Coronil, an Ayurvedic medicine that the company claimed would treat COVID-19. The article reports the claim but does not establish that the medicine cures or treats the disease.
2020
Patanjali ordered to pay ₹75.08 crore over GST benefits
India’s National Anti-Profiteering Authority ordered Patanjali Ayurveda Ltd to pay ₹75.08 crore, plus 18% GST, for not passing GST rate-reduction benefits on to consumers. The authority said the company increased washing-powder prices and directed it to deposit the amount in consumer welfare funds within three months.
2019
Patanjali completes acquisition of Ruchi Soya
Patanjali Ayurved completed its acquisition of Ruchi Soya for Rs 4,350 crore through an insolvency process. A Patanjali spokesperson said the debt and equity had been deposited and Ruchi Soya had officially become a Patanjali group firm.
2019
Patanjali secures financing for planned Ruchi Soya acquisition
Patanjali Ayurved said it had tied up loans worth Rs 3,200 crore from a consortium of lenders to fund its planned acquisition of Ruchi Soya through the insolvency process.
2019
Banks agree to fund Patanjali’s acquisition of Ruchi Soya
A consortium of lenders led by State Bank of India decided to fund Patanjali’s acquisition of Ruchi Soya. Patanjali’s managing director said ₹3,200 crore of the approved resolution plan would be funded through debt from a consortium of banks.