Baba Ramdev's Ruchi Soya To Raise Rs 4,300 Crore Funds
In order to raise a fund of Rs 4,300 crore, oil company Ruchi Soya owned by Baba Ramdev has filed a draft document with SEBI to initiate FPO. However, to meet the SEBI norms of minimum public shareholding of 25 percent the FPO is being filed. Besides, the authorities have also approved to raise funds through equity share and price closed at Rs 1,242.35 apiece over BSE on June 11.