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Ruchi Soya News

29 Jun 2022

Ruchi Soya Industries Ltd now becomes Patanjali Foods Ltd

In a regulatory filing, Ruchi Soya informed that it has "received an e-mail dated June 27, 2022, from the Ministry of Corporate Affairs mentioning that a fresh 'Certificate of Incorporation pursuant to change of name' dated June 24, 2022, was issued by the Registrar of Companies, Maharashtra, Mumbai".

27 May 2022

Ruchi Soya announces 250% dividend for FY22 as revenue grows

Ruchi Soya has now bounced back to its glory and started delivering the returns to its shareholders. The announcement of a bumper dividend at Rs 5 per share (on the face value of Rs 2 per share) is considered to be the highest amongst its peers. The previous highest divided by Ruchi Soya was 25 per cent in the year 2008.

08 Apr 2022

Ruchi Soya jumps over 8% after listing of FPO shares

The company had fixed the FPO issue price at Rs 650 per share. The issue was open from March 24 to 28. The FPO closed on March 28, and the withdrawal window was open for two days.

31 Mar 2022

Ruchi Soya FPO: Investors withdrew 97 lakh bids using withdrawal option

On March 28, more than 17.60 crore bids had come in for the FPO. The number of shares on offer was little over 4.89 crore. The price band for the offer was Rs 615-650 per share.

Patanjali group

29 Mar 2022

Ruchi Soya lodges FIR against circulation of unsolicited message regarding FPO

This regulatory filing followed a direction issued by Sebi after a meeting held earlier in the day with the bankers managing the Rs 4,300 crore FPO. Sebi asked bankers to issue an advertisement in newspapers on Tuesday and Wednesday cautioning investors about the circulation of SMSs.

25 Mar 2022

Zee News Exclusive: Ruchi Soya will raise ₹4300 crore through FPO, says Baba Ramdev

In an exclusive conversation with Zee Media, Yoga Guru Baba Ramdev gave the 'Money Mantra' for Ruchi Soya's FPO and safe investments.

24 Mar 2022

Ruchi Soya hits capital market to raise Rs 4,300 crore; to become debt-free

The issue closes on March 28. The price band has been fixed at Rs 615 to Rs 650 per share.

12 Mar 2022

Ruchi Soya to launch follow-on public offer on March 24

The company is coming out with the public issue to meet Sebi's norm of minimum public shareholding of 25 per cent in a listed entity. In 2019, Patanjali acquired Ruchi Soya, which is listed on the stock exchanges, through an insolvency process for Rs 4,350 crore. The company needs to dilute a minimum 9 per cent stake in this round of the FPO.

13 Feb 2022

Ruchi Soya Q3 profit up 3% at Rs 234 crore

Total income rose by 41 per cent to Rs 6,301.19 crore in the third quarter of this fiscal year from Rs 4,475.59 crore. The company plans to expand its existing product portfolio of nutraceuticals products, the filing said.

29 Jun 2020

Rs 16.9 to Rs 1,500: Ruchi Soya shares on dream run since relisting

The stock opened for trading again after Patanjali Ayurved acquired it for Rs 4,350 crore last year through a corporate insolvency resolution process.

09 Sep 2019

Ruchi Soya stock hits upper circuit after NCLT order

The order stated that, Patanjali will "infuse the amount of Rs 4,350 crore in the SPV (special purpose vehicle) -- 'Patanjali Consortium Adhigrahan'-- which will be later amalgamated with Ruchi Soya.

14 Mar 2019

Ramdev's Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya

Adani Wilmar, which emerged as the highest bidder in August last year after a long drawn battle with Patanjali, has withdrawn from the race citing delay in completion of the insolvency process.

13 Jun 2018

Adani group emerges as highest bidder with Rs 6,000 crore offer for Ruchi Soya

However, Patanjali will have a right to match the offer under an auction being done under so called Swiss challenge method.

29 May 2018

Adani Wilmar increases its bid to acquire bankruptcy-hit Ruchi Soya

Ruchi Soya, facing the insolvency proceedings, has a total debt of about Rs 12,000 crore.

Fortune Magazine

28 Dec 2016

Fortune's 500 report names Ruchi Soya No. 1 for ''Food and Agri Products''

Fortune Magazine`s latest issue on India`s largest 500 corporations on Wednesday announced Ruchi Soya as the number one company in the Food and Agri product sector in India.

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