GQG Partners — the investor in Adani companies — has purchased nearly 6 per cent of Patanjali Foods Ltd (formerly Ruchi Soya) in its offer for sale (OFS) that concluded last Friday.

Rajiv Jain-led GQG bought 5.96 per cent or 2.15 crore shares of Patanjali Foods.

While the floor price for OFS was fixed at Rs 1,000 per share, the allotment to non-retail investors was set at Rs 1,103.80 per share. Thus GQG is likely to have paid Rs 2,373 crore for the shares.

The announcement from GQG Partners led to the shares of Patanjali Foods firming up in the stock exchanges on Monday. It settled at Rs 1,254.70 on the BSE, a gain of Rs 29.75 or 2.43 per cent over the last close.

On Saturday, Patanjali Foods had said that the shareholding of its promoters has come down to 73.82 per cent after the sale of their shares to meet the market regulator’s norms on public float which mandates that the minimum public shareholding of a listed company should be 25 per cent.

Patanjali Ayurved, which is one of the promoters, has sold 2,53,39,640 equity shares of Patanjali Foods through the OFS route. The shares sold represented 7 per cent of the total issued and paid-up equity share capital of the company.

“The shareholding of the Promoter and members of Promoter Group in the company has reduced from 80.82 per cent of the paid-up equity share capital of the company to 73.82 per cent,” the company had said in a regulatory filing.