Ruchi Soya Industries will sell 51 percent stake to global PE firm Devonshire Capital for Rs 4,000 crore. In an interview to CNBC-TV18, Satendra Aggarwal, COO of the company spoke about the same.
This year, the monsoons have been very positive for the economy. Dinesh Shahra, managing director of Ruchi Soya Industries told CNBC-TV18 that the crop this year would do better this year than last year. He also indicated that the company would expand up to 15,000 hectares per year.
Ruchi Soya Industries’ fourth quarter (January-March) net profit rose 25.8% year-on-year to Rs 21.77 crore, aided by strong sales, especially to export markets. In an interview with CNBC-TV18, Dinesh Shahra, MD, Ruchi Soya says, the company expects 15-20% revenue growth in FY12.
In an interview with CNBC-TV18, Dinesh Shahra, MD, Ruchi Soya, spoke about the results and his outlook for the company.