new Delhi. The FPO of Ruchi Soya, an edible oil company owned by Patanjali Ayurved, led by yoga guru Baba Ramdev, is about to come. Meanwhile, the company has fixed a price band of Rs 615-650 per share for its FPO. Its floor price will be Rs 615 while the cap price will be Rs 650.
The company will bring its follow on public offer i.e. FPO on March 24, through which it plans to raise up to Rs 4,300 crore. This FPO will close on March 28.
According to the Red Herring Prospectus (RHP), the shares will be deposited on April 5 and trading will start a day later. Refunds will start from 4th April.
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: Patanjali, Patanjali Ayurved Limited, Patanjali Ruchi Soya, Ramdev
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