Page 3 - Ruchi Soya

Baba Ramdev's Ruchi Soya gets go ahead from Sebi to float FPO

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has received capital markets regulator Sebi's go-ahead to raise Rs 4,300 crore through a follow-on public offer (FPO). The FPO is being launched to meet the Sebi norm of minimum public shareholding of 25 per cent in a listed entity. The company, which filed the draft papers with Sebi in June, obtained its observations on August 14, an update with the regulator showed on Tuesday. Going by the draft papers, the entire issue proceeds will be used for furthering the company's business by repayment of certain outstanding loans and meeting its incremental working capital requirements and other general corporate purposes. SBI Capital Markets Ltd, Axis Capital Ltd, and ICICI Securities Ltd are the lead managers to the issue. In 2019, Patanjali acquired Ruchi Soya, which is listed on stock exchanges, through an insolvency process for Rs 4,350 crore. The promoters currently have nearly 99 per cent stake and

Stocks to watch: Adani Enterprises, Voda Idea, Ruchi Soya, Fiem Industries

Oil Marketing Companies may be on investor radar today after Finance Minister Nirmala Sitharaman said on Monday that the Centre had little room to cut excise duty on petrol and diesel

Ruchi Soya gets Sebi's approval for Rs 4,300 crore FPO, say reports

According to its draft documents, the issue's net proceeds will be utilised to repay its borrowings and fund incremental working capital requirements

Sebi levies Rs 40 lakh fine on B P Equities, others for violation of norms

Sebi levied a total fine of Rs 40 lakh on B P Equities Pvt Ltd, Jamson Securities Pvt Ltd and an individual for violation of market norms while dealing in the scrip of Ruchi Soya Industries Ltd

Stocks to watch: HDFC Life, IRCTC, Ruchi Soya, RITES, Godrej Consumer

Standard Life will divest 3.46 per cent or 70 million shares in HDFC Life Insurance Company on Tuesday

Baba Ramdev's Ruchi Soya files FPO document to raise up to Rs 4,300 cr

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore.

Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks

Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today

Ruchi Soya announces acquisition of Patanjali's biscuits biz for Rs 60 cr

Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore.

Sebi directs 7 entities to disgorge Rs 5.75 cr unlawful gains in Ruchi case

Markets regulator Sebi on Friday directed seven entities to disgorge over Rs 5.75 crore of 'unlawful gains' made by them while indulging in manipulative trading in the shares of Ruchi Soya Industries

Ruchi Soya posts Rs 227.44 cr profit in Dec qtr on stong branded biz sales

The net profit in the third quarter of this fiscal year is up by 50 per cent year-on-year if this exceptional gain is excluded

India's super-rich club sees 10 new entrants in 2020; wealth up 33%

Ramdev, partner see biggest jump in wealth in percentage terms

Ruchi Soya shareholders okay appointment of Ramdev on board; stock up 4.5%

Ruchi Soya had sought shareholders' approval to re-designate Acharya Balkrishna as chairman of the company and appointment of Swami Ramdev, 49, as a director on the company board

Stocks to watch: Bajaj Auto, Infosys, Wipro, Ruchi Soya, M&M, SBI Card, PNB

Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29

Ruchi Soya shareholders approve appointment of Ramdev, Balkrishna on board

In a regulatory filing, Ruchi Soya, which sells soya products under Nutrela brand, said the shareholders have approved all resolutions at the annual general meeting with requisite majority

Baba Ramdev on board of Ruchi Soya; brother Ram Bharat to be MD

Ruchi Soya Industries Ltd in a notice to shareholders sought approval for appointment of Ram Bharat, 41, as the managing director of the company.

Patanjali's Ruchi Soya to launch follow-on offering next year: Swami Ramdev

Patanjali acquired Ruchi Soya, which is listed on stock exchanges, through an insolvency process last year

BS READS: Ramdev's low-key brother emerges from the shadows with Ruchi Soya

Baba Ramdev's fame drives Patanjali - he evolves broad strategies and Acharya Balkrishna acts as MD. But there is also a third man in Patanjali's power index: Ram Bharat, Ramdev's younger brother

MARKET WRAP: Sensex slips 394 pts amid weak global cues; RIL declines 1.7%

All that happened in the markets today

Sebi proposes to increase minimum free float for firms post-insolvency

Sebi proposal follows surge in Ruchi Soya stockprice; higher disclosure norms on the cards

BS READS: The mystery investor who made a killing in Ruchi Soya

A Delhi-based company put Rs 13 cr for a 5.94% stake in Ruchi Soya soon after it got relisted; today that investment is worth Rs 1,500 crore