Bonus Alert: Underperforming FMCG stock to consider first free share issue on July 17

Patanjali Foods Ltd. informed the exchanges on Monday, July 14, that it will be considering a proposal of bonus shares at its board meeting on Thursday, July 17.

This will be the first issue of bonus shares that Patanjali Foods' board will be considering.

Patanjali Foods, the erstwhile Ruchi Soya, was acquired by Patanjali Ayurved in 2019 through the insolvency process. The acquisition was done at a total consideration of ₹4,350 crore.

Back in 2022, the company had also floated a Follow-on Public Offer (FPO) of Ruchi Soya, to raise ₹4,300 crore. Most of the proceeds were used to retire Ruchi Soya's existing debt.

Ruchi Soya was then renamed at Patanjali Foods in June 2022. The stock began trading with this name on June 24, 2022.

Patanjali Foods has earlier paid an interim dividend of ₹8 per share and ₹6 per share in November and March 2024 respectively, along with a final dividend of 6 in September 2023, and a dividend of ₹5 in September 2022.

Shares for Patanjali Foods ended 3.9% higher on Tuesday at ₹1,739. The stock is down 7% so far in 2025 and has remained flat over the last one month.