Ruchi Soya surges 14% post signing distribution pact with Patanjali

Ruchi Soya has signed an MOU with Yoga Guru Baba Ramdevji promoted Patanjali Ayurved for an exclusive sales and distribution arrangement for the entire range of Patanjali edible oil in large packs.

Ruchi Soya Industries surged 14% to Rs 25.30 on BSE on back of heavy volumes after the signing distribution partnership with Patanjali.

“The company has signed  a memorandum of understanding (MOU) with Yoga Guru Baba Ramdevji promoted Patanjali Ayurved for an exclusive sales and distribution arrangement for the entire range of Patanjali edible oil in large packs,” Ruchi Soya Industries said in a statement.

Under the terms of the MOU, Ruchi Soya would use its own extensive distribution network to sell the complete range of Patanjali edible oils in large packs across all regions of India.

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