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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