Indian Medical Association
Patanjali Foods Shares Drop 4% After SC Issues Notices to Ramdev, Balakrishnan
| Feb. 28, 2024, 11 a.m.
Patanjali Foods Shares Drop 4% After SC Issues Notices to Ramdev, Balakrishnan
Patanjali Foods shares decline 4% after the Supreme Court issues notices to Baba Ramdev and Acharya Balakrishnan over alleged violation of its orders. The court restrained Patanjali Ayurved from advertising medicinal products, prompting a clarification from Patanjali Foods that the order doesn't apply to it. The SC's action follows a dispute with the Indian Medical Association, accusing Patanjali of disparaging conventional medicines. The stock's decline continues for the third consecutive day amidst ongoing legal concerns.
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