Ruchi Soya opts for separate business units via de-merger

Decision taken by the company's Board of Directors on Wednesday

Edible oil major Ruchi Soya Industries Ltd announced on Wednesday that it would demerge its business to make separate entities of its edible oil refining brand and other businesses comprising palm plantations, oil seed crushing, food and renewable energy.

The decision was taken after the company's Board of Directors met on Wednesday to consider various options, including creating subsidiaries for its individual business units.

The company has constituted a committee to oversee the planning and execution of this exercise and a consultant will be appointed for proposing various options followed by a detailed scheme to the board. The consultant has