IGI Logo

Ruchi Soya Industries is currently trading at Rs. 1209.00, up by 22.15 points or 1.87% from its previous closing of Rs. 1186.85 on the BSE.

The scrip opened at Rs. 1177.00 and has touched a high and low of Rs. 1209.00 and Rs. 1156.00 respectively. So far 87470 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1377.00 on 09-Jun-2021 and a 52 week low of Rs. 706.00 on 06-Apr-2022.

Last one week high and low of the scrip stood at Rs. 1209.65 and Rs. 960.00 respectively. The current market cap of the company is Rs. 42963.36 crore.

The promoters holding in the company stood at 98.90%, while Institutions and Non-Institutions held 0.01% and 1.09% respectively.

Ruchi Soya Industries has entered into Business Transfer Agreement (BTA) with Patanjali Ayurved (PAL) to acquire the food retail business undertaking of PAL which consists of manufacturing, packaging, labelling and retail trading of certain food products along with manufacturing plants located at Padartha, Haridwar, and Newasa, Maharashtra (Food Retail Business Undertaking). The acquisition of Food Retail Business Undertaking as a going concern on a slump sale basis which will result in expansion of the existing product portfolio of the company. The indicative time period for completion of the acquisition is July 15, 2022. The amount of consideration for the acquisition agreed upon under the BTA is Rs 690 crore subject to certain adjustments.

Also, the company is going to change the name of the company from ‘Ruchi Soya Industries’ to ‘Patanjali Foods’ subject to, inter alia securing approval of members, Ministry of Corporate Affairs and such other applicable statutory / regulatory authorities.

Ruchi Soya Industries is engaged in the manufacture of edible oils, vanaspati, bakery fats and soya foods