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co-presented by
ASSOCIATE SPONSORS
The board was initially scheduled to meet today - March 29.
The follow-on public offer of Ruchi Soya was subscribed 3.6 times as the FPO garnered bids for 17.60 crore equity shares against the size of 4.89 crore equity shares on the final day of bidding - March 28.
The Sebi on March 28 provided an option to the investors in Ruchi Soya's Rs 4,300 crore follow-on public offer (FPO) to withdraw their applications following the circulation of unsolicited SMS, advertising the issue
The regulatory body's directive came amidst the “circulation of unsolicited SMSes advertising the issue”.
In an exclusive conversation with Moneycontrol, Baba Ramdev, the founder of Patanjali Ayurved, talks about the strategy to take on FMCG majors and the road ahead for Ruchi Soya.
With the use of the proceeds, our first goal is to make Ruchi Soya debt-free as soon as possible,'' said Baba Ramdev in an interview with CNBC-TV18.
