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Ruchi Soya files FIR against circulation of unsolicited messages advertising company's FPO

On Monday, market regulator had provided an option to the investors in Ruchi Soya's FPO to withdraw their applications following the circulation of the unsolicited message

March 29, 2022 / 08:45 AM IST
 
 
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Ruchi Soya on March 29 issued a public notice saying they have lodged FIR to find out the origin and the culprits of unsolicited SMSes advertising company’s Rs 4,300 crore follow-on public offer (FPO).

“We understand that there are SMS/messages in circulation in social media, speculating about investment in our Company’s issue and about equity shares of our Company being available at discount to market price (“Message”). We wish to bring to attention of the investors that this message has not been issued by company or any of our Directors, Promoters, Promoter Group or Group Companies. A first information report bearing No 0188 dated March 27, 2022 (“FIR”) has been logged by our company with a police station at Haridwar to take up investigation in respect to circulation of the Message, under Section 67A of the Information Technology Act, 2000 and section 420 of the Indian Penal Code, 1860,” the company said in the public notice.

On Monday, market regulator had provided an option to the investors in Ruchi Soya's FPO to withdraw their applications following the circulation of the said message.

Also Read: SEBI gives option to investors to withdraw from Ruchi Soya FPO

“Great news for all beloved members of Patanjali parivar. A good investment opportunity in Patanjali Group. Patanjali Group company- Ruchi Soya Industries Ltd has opened the Follow-On Public offer (FPO) for retail investors. The issue closes on 28 March 2022. This is available in the price band- Rs 615-650 rupees per share , i.e discount of about 30% to market price. You can apply for shares through your bank/ broker/ ASBA/UPI in your Demat account", the unsolicited message read.

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Securities and Exchange Board of India (SEBI), citing the circulation of the above message, had asked Ruchi Soya to issue an advertisement in newspapers cautioning the investors about the circulation of such unsolicited SMS. The advertisement is to be issued on "March 29 and 30", the market regulator said in its order.

Shares of Ruchi Soya settled 6 percent lower at Rs 815.05 apiece on the BSE in the last session, while the benchmark Sensex ended 231.29 points or 0.40 percent higher at 57,593.49.



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Moneycontrol News
first published: Mar 29, 2022 08:40 am
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