As per the financials of six months ended September 2021, it had long term borrowings of Rs 2,783.64 crore and short term borrowings (non-current liabilities) of Rs 858.33 crore, which was reduced from Rs 7,800 crore in FY19.
Board approved the allotment of 6.61 crore shares to raise Rs 4,300 crore, days after the Patanjali-backed company launched a follow-on public offer (FPO) which was subscribed 3.6 times
The board was initially scheduled to meet today - March 29.
Employees have put in bids for 48,951 equity shares against the 10,000 shares reserved for them.
Ruchi Soya FPO | Patanjali-backed FMCG company is looking to raise Rs 4,300 crore through the offer and has already mopped up Rs 1,290 crore through its anchor book
Hem Securities has come out with its report on Ruchi Soya Industries. The research firm has recommended to ''Subscribe'' the FPO in its research report as on March 24, 2022.
Ruchi Soya Industries FPO | The company's foray into other FMCG and FMHG products, including oleochemicals, biscuits, rusks, wheat flour, honey and nutraceuticals, bodes well for its mid to long-term business growth, KR Choksey has said
Choice Equity Broking has come out with its report on Ruchi Soya Industries. The research firm has recommended to ''Subscribe'' the FPO in its research report as on March 23, 2022.
Ruchi Soya Industries is planning to raise total Rs 4,300 crore through its FPO. The net FPO proceeds will be utilised for repaying debts, working capital requirements and other general corporate purposes.
KR Choksey has come out with its report on Ruchi Soya Industries. The research firm has recommended to ''Subscribe'' the FPO in its research report as on March 22, 2022.
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.
The higher end of the price band – Rs 650 a share – represents a 35 percent discount from Thursday's closing price
Total income stood at Rs 4,475.6 crore during the third quarter of this fiscal as compared to Rs 3,725.66 crore in the corresponding period of the previous year, according to a regulatory filing.
Haridwar-based Patanjali group, which has acquired debt-ridden Ruchi Soya, is expecting Rs 25,000 crore turnover this fiscal.
Sources also said that Patanjali has completed the process of transfer of equity and debt portions to lenders.
This is the second time that the tribunal has sought details of Rs 600 crore, and asked them to file written submission on the same.
Homegrown FMCG major almost got a walk over after rival Adani Wilmar decided to pull out from the race despite being selected the highest bidder few months back.
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.