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
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.
Tags: Patanjali, Baba Ramdev, SEBI, Ruchi Soya
Courtesy: Business Standard