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%.