Baba Ramdev's company Ruchi Soya will raise 4300 crores from the public, FPO may come in the last week of February

Baba Ramdev’s company Ruchi Soya will soon file RHP, will raise Rs 4300 crore from the public through FPO

[ad_1]

new Delhi. Yoga guru Baba Ramdev-led Patanjali Ayurved-owned edible oil company Ruchi Soya is planning to raise around Rs 4,300 crore. For this, the company will bring Follow on Public Offer ie FPO (Follow on Public Offer). People familiar with the matter indicated that Ruchi Soya is expected to file a red herring prospectus (RHP) for the FPO in the next two weeks.

FPO is coming for regulatory norms
In addition, Ruchi Soya is bringing this FPO to meet the norms of minimum public shareholding for SEBI listed companies. At present, Patanjali Group holds about 98.9 percent stake in Ruchi Soya. Public shareholders hold around 1.1 per cent.

Also read- Sovereign Gold Bond: Government will sell cheap gold from today, know how much will be the price of 1 gram

After this FPO, Patanjali Group’s stake in Ruchi Soya will come down to about 81 percent and the public’s stake will be around 19 percent. In August last year, the company got permission from the country’s market regulator Securities and Exchange Board of India (SEBI) to bring FPO.

Also read- LPG Gas Cylinder Price: From tomorrow there will be a ‘fire’ in the kitchen, will the gas cylinder become expensive?

Patanjali had acquired Ruchi Soya in the year 2019
Let us tell you that Patanjali had acquired Ruchi Soya in the year 2019. Patanjali had acquired Ruchi Soya for Rs 4,350 crore under the bankruptcy process.

Tags: Baba Ramdev, Patanjali, Patanjali Ayurved Limited, Patanjali Ruchi Soya, Ramdev

[ad_2]

Read Article in हिन्दी

Leave a Comment

Your email address will not be published.