Ruchi Soya slips 10%; stock falls 14% in four sessions

Ruchi Soya said a meeting of the board of directors of the company is scheduled to be held on March 29, 2022, for the purposes of determining the issue price and the anchor investor issue price

Shares of Ruchi Soya Industries slipped 10 per cent to Rs 783.45 on the BSE in Monday's intra-day trade ahead of closure of its follow-on public offering (FPO) today.

The stock of Patanjali-backed edible oils company traded lower for the fourth straight day, down 14 per cent during the period. It has corrected 31 per cent from its high of Rs 1,139.95 touched on March 15, 2022. At 11:07 am, Ruchi Soya traded 6 per cent lower at Rs 815, as compared to 0.71 per cent decline in the S&P BSE Sensex.

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