Page 2 - Ruchi Soya Industries

NCLT reserves order on resolution professional plea in Ruchi Soya case

The bone of contention is that Ruchi Soya had approached the bank for fresh Letters of Credit (LCs), honoured by the latter on December 16 and then again on December 18

Ruchi Soya to challenge IDBI Bank's wilful defaulter's tag

Company says decision was taken in the absence of the due process and without taking into consideration its present status

Ruchi Soya slumps as IDBI Bank declares it defaulter

Ruchi Soya Industries announced that IDBI Bank has declared the company as a wilful defaulter

Ruchi Soya surges 14% post signing distribution pact with Patanjali

Ruchi Soya has signed an MOU with Yoga Guru Baba Ramdevji promoted Patanjali Ayurved for an exclusive sales and distribution arrangement for the entire range of Patanjali edible oil in large packs.

Ruchi Soya opts for separate business units via de-merger

Edible oil major Ruchi Soya Industries Ltd announced on Wednesday that it would demerge its business to make separate entities of edible oil refining and brands, palm plantations, oil seed crushing and foods; and renewable energy.The decision was taken after the board of directors of the company met on Wednesday to consider various options such as subsidiarisation or de-merger of its business units into separate entities.The company has constituted a committee to oversee the planning and execution of this exercise and a consultant will be appointed for proposing various options followed by a detailed scheme to the board whilst ensuring a high standard of corporate governance, transparency and fairness."The primary aim of undertaking this exercise is to unlock the value of our diverse businesses. This process would allow the management to focus on the respective businesses with flexibility in fund raising for future growth and expansion. Each business would be free to explore ...

Ruchi Soya zooms 20% on ties-up with Patanjali Ayurved

The stock locked in upper circuit of 20% at Rs 30.80 on the BSE on back of heavy volumes

Ruchi Soya zooms over 35% in two trading days on heavy volumes

The stock soared 17% to Rs 28 on the BSE in intra-day trade, extending its previous day's 20% rally