Ruchi Soya Industries

The acquired food business consists of 21 products which include ghee, honey, spices, juices, atta etc. It also raised Rs 4,300 crore through a follow-on public offer

In May, Ruchi Soya announced the acquisition of Patanjali Ayurved's entire food business for Rs 690 crore, in order to speed up its transition into an FMCG company

The 66.15 million new shares issued in the FPO, which closed on March 30, commenced trading today

Market players said several HNIs who applied for the FPO dumped the shares taking advantage of the attractive spread

Shares of Ruchi Soya surged on Tuesday after the company clarified that the SMSes pertaining to investments in its FPO have not been issued by the company or its promoters

Ruchi Soya Industries' follow on public offer to raise up to Rs 4,300 crore was subscribed 3.60 times on the final day on Monday.

On Wednesday, Ruchi Soya allotted shares worth Rs 1,290 crore to anchor investors at Rs 650 apiece

Baba Ramdev-led Patanjali Ayurved-owned Ruchi Soya on Thursday hit the capital market to raise Rs 4,300 crore through its follow-on public offer (FPO) as it aims to become a debt-free company. The issue closes on March 28. The price band has been fixed at Rs 615 to Rs 650 per share. Addressing a press conference here, Ramdev said the company has launched its FPO despite volatility in the stock market because of the war between Russia and Ukraine. He said the company has already raised Rs 1,290 crore from anchor investors on Wednesday and expressed confidence that its FPO would be a huge success as people have faith in its products and brand. Ramdev said the proceeds of the FPO would be utilised to retire the term loan of Rs 3,300 crore. "Ruchi Soya will become debt-free," he asserted. Asked why the price band has been kept lower than the current market prices, Ramdev said this has been done to give a good return to investors. Ruchi Soya shares closed on Wednesday Rs 897.45 apiec

Ruchi Soya has priced its FPO in the range of Rs 615-Rs 650 per share.

Ruchi Soya has priced its FPO in the range between Rs 615-Rs 650 per share. The issue price is 28-32 per cent lower than Tuesday's closing price of Rs 913 per share.

FPO is being launched to meet the 25% minimum public shareholding (MPS) norm. Promoter shareholding is currently 98.9%

Ruchi Soya to use FPO fund to repay debt

YES Bank's shareholders have approved a proposal for raising Rs 10,000 crore capital

Market players said the stock is easily prone to manipulation as hardly any shares are with the public

From Rs 16.9 to Rs 1,519 in five months, the stock has seen a spectacular rise of 8,988 per cent

The edible oil maker's market capitalisation is up nearly 300 times since the beginning of November last year and 70 times since its acquisition by Pantanjali Ayurved under the IBC

Ruchi Soya stands ahead of Dalmia Bharat, GMR Infrastructure, Polycab India, Crisil, Cummins India, IDFC First Bank, ICICI Securities, and Tata Communications in the m-cap ranking.

In the intra-day deals, the Sensex and Nifty50 hit a high of 41,444.34 and 12,172.30 level, respectively

Patanjali said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from PNB, Rs 600 crore from UBI, Rs 400 crore from Syndicate Bank and Rs 300 crore from Allahabad Bank

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved around Rs 4,350-crore resolution plan on July 24, 2019