Patanjali Backed Ruchi Soya Attracts Rs 1290 Cr Anchor Investment
Ruchi Soya Industries Limited, which is set to open for Further Public Offerings (FPO) from March 24, attracted Rs 1,290 crore investment from 46 anchor investors. Backed by Baba Ramdev's Patanjali, the company's FPO will be a fresh issuance of equity to public, without any offer for sale component in India. Furthermore, post the FPO, Patanjali Group's holding will come down to about 81%, and the public shareholders to 19%.
Tags: Patanjali, Ruchi Soya, FPO, Investment, business, Shares
Courtesy: The Free Press Journal
Walmart Foundation Offers $4.5 Million Grant To Improve Farmers’ Livelihood in India
Walmart Foundation has announced to spend an amount of $4.5 million (USD) on NGOs- Tanager and PRADAN in-order to help and improve the livelihoods of Indian farmers. The grants be spent on increasing opportunities for the women farmers via 'Farmers Producer Organisations'. Tanager will invest on 'Farmer Market Readiness' program in Andhra Pradesh, while PRADAN will focus on Women livelihood enhancement in West Bengal, Odisha and Jharkhand.… read-more
Tags: Walmart, Indian Farmers, Livelihood improvement, NGO, FPO
Courtesy: The Hindu