One of the primary objectives of the MoU is to expand Patanjali's wellness services in Russia
Delhi HC flags Patanjali ad calling rival Chyawanprash brands "dhoka", says comparative claims are fine but disparaging others may amount to misrepresentation
Patanjali Ayurved on Friday approached the Delhi High Court challenging an order restraining it from running disparaging advertisements against Dabur Chyawanprash. At the outset, a bench of Justices C Hari Shankar and Om Prakash Shukla orally observed that it was a case of generic disparagement and the statements made by Patanjali are an obvious reference to respondent Dabur. The court warned Patanjali that in case it finds it to be a luxury litigation and a useless appeal, it will impose costs. You have said- 'Why settle for ordinary chyawanprash made with 40 herbs?' So when you have used the word 40 herbs, it is an obvious reference to the respondent (Dabur). The moment you say ordinary chyawanprash with 40 herbs you are making a representation to the public that the respondent's chyawanprash is ordinary and mine (Patanjali) is excellent and why settle for his chyawanprash, the bench told Patanjali's counsel. It said that the single judge has treated the advertisement as ...
Delhi High Court directs Patanjali to take down ads after Dabur claims its chyawanprash was unfairly targeted as 'inferior and unsafe', alleging misleading remarks in Baba Ramdev-led campaign
The Allahabad High Court has dismissed Patanjali Ayurved Limited's petition challenging Rs 273.50-crore goods and service tax (GST) penalty. A division bench comprising Justices Shekhar B Saraf and Justice Vipin Chandra Dixit rejected Patanjali's argument that such penalties constitute criminal liability and can be imposed only after a criminal trial. The bench was of the view that tax authorities can impose penalties under Section 122 of the GST Act through civil proceedings without requiring criminal court trials. The court clarified that GST penalty proceedings are civil in nature and can be adjudicated by proper officers. "After detailed analysis, it is clear that the proceeding under Section 122 of the CGST Act is to be adjudicated by the adjudicating officer and is not required to undergo prosecution," the bench said. Patanjali Ayurved operates three manufacturing units at Haridwar (Uttarakhand), Sonipat (Haryana) and Ahmednagar (Maharashtra). The company came under ...
The Ministry of Corporate Affairs has sent a notice to Patanjali Ayurved over alleged fund diversion and governance lapses flagged by federal economic intelligence agencies
The Delhi High Court has sought Patanjali Ayurved's stand on a lawsuit by Dabur over advertisements allegedly disparaging its product Chyawanprash. On December 24, Justice Mini Pushkarna issued summons on the lawsuit to the defendants -- Patanjali Ayurved and Patanjali Foods Ltd -- for a reply in the matter. "Accordingly, let the plaint be registered as suit. Issue summons.. Let the written statement be filed by the defendants within thirty days from today," the order said. Dabur alleged that while promoting Patanjali Special Chyawanprash, fallacious and deliberate imputations were made, which defamed its product Dabur Chyawanprash -- a market leader with a share of more than 60 per cent. The court also issued notice on an application seeking an interim relief and posted the hearing on January 30. The plea said in the advertisements, the defendants have claimed only Patanjali Special Chyawanprash was the "original" and therefore "special" besides being "shreshtham/sarv-shreshth" o
The lawsuit alleges that an advertisement featuring Patanjali Ayurved founder Baba Ramdev falsely claims that only Patanjali's Chyawanprash is 'original'
Construction and infrastructure firm KBC Global has raised nearly Rs 100 crore from Falcone Peak Fund, Patanjali Food and Herbal Park and other investors, a statement said on Monday. The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors, the company said. The company board has approved the issuance of warrants at a price of Rs 2.20 per warrant, it added. Out of the total issue, Falcone Peak Fund (CEIC) Ltd will be allotted 26 crore warrants for around Rs 57.2 crore. Patanjali Parivahan Pvt Ltd and Patanjali Food and Herbal Park will be allotted 4.55 crore warrants and Foresight Holding Pvt Ltd is expected to be allotted 2.28 crore warrants, the company said. Post issue of the warrants, the shareholding of Falcone Peak Fund (CEIC) Ltd in KBC Global Ltd is expected to be 8.48 per cent, Patanjali companies around 1.48 per cent and Foresight Holding Pvt Ltd around 1.04 per cent respectively. The warrants shall be converted
The Competition Commission of India (CCI) on Tuesday cleared the proposed acquisition of the home and personal care business of Patanjali Ayurved by Patanjali Foods in a Rs 1,100 crore deal. "The proposed combination involves the acquisition of Patanjali Ayurved Ltd's (PAL) Home and Personal Care (HPC) business division (nonfood business) by Patanjali Foods Ltd (PFL)," the CCI said in a release. Patanjali Foods is engaged in processing of oilseeds, refining of crude oil for edible use, production of oil meal, food products from soya and value-added products from downstream and upstream processing. It is also engaged in the business of fast-moving consumer goods, fast moving health goods comprising mainly of food, biscuits and nutraceutical products and engaged in generation of power from wind energy and trading in various products. Patanjali Ayurved is engaged in the business of manufacturing, trading, packing and labelling of ayurvedic medicines, HPC items such as dairy items and
Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction. According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 lakh shares or 1.24 per cent stake in edible oil major Patanjali Foods. The shares were picked up at an average price of Rs 1,854 apiece, taking the deal value to Rs 834.99 crore. After the latest transaction, GQG Partners' shareholding in Patanjali Foods has increased to 4.43 per cent from 3.19 per cent. Meanwhile, Patanjali Ayurved Ltd on Friday sold 97.92 lakh shares or 2.71 per cent stake in the company for Rs 1,815 crore, the data showed on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 1,854.08 per piece, taking the deal value to Rs 1,815.67 crore. After the share sale, the promoter and promote
The notification by the Ayush Ministry was in direct breach of the Supreme Court's earlier orders that mandate advertisers to submit a self-declaration before broadcasting or publishing ads
The court, however, warned that both of them must comply with all future orders and not repeat their past conduct
Patanjali misleading ads case: The Supreme Court ordered IMA President RV Asokan to issue apology in leading newspapers and to cover its cost himself
Licences for 14 Ayurvedic products by Patanjali and Divya Pharmacy were suspended by the Uttarakhand government. However, on July 1, the state government revoked its suspension order
The court had initially restrained Patanjali from selling its camphor products on August 30, 2023
The Bombay High Court has directed Patanjali Ayurved to deposit Rs 50 lakh for alleged breach of the HC's interim order restraining it from selling its camphor products, in relation to a trademark infringement case filed by another company. Following trademark infringement allegations by Mangalam Organics Ltd, the HC in an interim order in August 2023 restrained Patanjali Ayurved Ltd from selling its camphor products. A single bench of Justice R I Chagla on July 8 noted that Patanjali, in an affidavit submitted in June, admitted breach of the earlier order granting injunction against sale of the impugned camphor products. "Such persistent breach of the injunction order dated 30th August 2023 by defendant no. 1 (Patanjali) cannot be tolerated by this court," Justice Chagla said in the order, a copy of which was made available on Wednesday. The bench said it would be appropriate to direct Patanjali to deposit a sum of Rs 50 lakh prior to passing of an order for contempt/breach of the
Advertisement industry should not suffer due to orders against company, says court
Patanjali tells Supreme Court it has stopped selling 14 products whose manufacturing licences were suspended in Uttarakhand
Baba Ramdev-led Patanjali Ayurved has decided to sell its home and personal care business to listed group firm Patanjali Foods Ltd for Rs 1,100 crore. The acquisition will help edible oil firm Patanjali Foods to become an FMCG company. In a regulator filing, Patanjali Foods informed that the board has approved the "acquisition of the entire non-food business undertaking i.e. hair care, skin care, dental care and home care carried out by Patanjali Ayurved, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis". This is subject to the approval of shareholders, lenders and other necessary approvals. The deal will accelerate the company's transition into a leading FMCG company, Patanjali Foods said. The home and personal care business of Patanjali Ayurved currently has strong brand equity in India's FMCG space and enjoys a