Page 4 - Ruchi Soya

Baba Ramdev on board of Ruchi Soya; brother Ram Bharat to be MD

Ruchi Soya Industries Ltd in a notice to shareholders sought approval for appointment of Ram Bharat, 41, as the managing director of the company.

Patanjali's Ruchi Soya to launch follow-on offering next year: Swami Ramdev

Patanjali acquired Ruchi Soya, which is listed on stock exchanges, through an insolvency process last year

BS READS: Ramdev's low-key brother emerges from the shadows with Ruchi Soya

Baba Ramdev's fame drives Patanjali - he evolves broad strategies and Acharya Balkrishna acts as MD. But there is also a third man in Patanjali's power index: Ram Bharat, Ramdev's younger brother

MARKET WRAP: Sensex slips 394 pts amid weak global cues; RIL declines 1.7%

All that happened in the markets today

Sebi proposes to increase minimum free float for firms post-insolvency

Sebi proposal follows surge in Ruchi Soya stockprice; higher disclosure norms on the cards

BS READS: The mystery investor who made a killing in Ruchi Soya

A Delhi-based company put Rs 13 cr for a 5.94% stake in Ruchi Soya soon after it got relisted; today that investment is worth Rs 1,500 crore

Patanjali Ayurved-owned Ruchi Soya appoints Sanjeev Asthana as CEO

Asthana has done his post graduate in business management from Institute of Rural Management, Anand (IRMA) and International Trade from Indian Institute of Foreign Trade (IIFT), New Delhi

Ruchi Soya surpasses Marico in market-cap ahead of Q4 results

With the market-cap of Rs 45,592 crore, the company today surpassed packaged foods firm Marico (Rs 44,489 crore) and United Spirits (Rs 43,354 crore)

Low number of free-float pushes Ruchi Soya Industries to record high

The edible oil maker's market capitalisation is up nearly 300 times since the beginning of November last year and 70 times since its acquisition by Pantanjali Ayurved under the IBC

Patanjali's Rs 250 crore NCD subscribed within three minutes of opening

The fund-raising will be used to meet the Haridwar-based company's working capital requirements and strengthen the supply chain network

Ruchi Soya locked in 10% upper circuit; stock zooms over 105% in 12 days

In July 2019, the National Company Law Tribunal (NCLT) had cleared the Rs 4,350-crore bid by yoga- exponent Ram Dev-run Patanjali Ayurved to take over edible oil player Ruchi Soya

After acquiring Ruchi Soya, Ramdev's Patanjali aims to beat HUL in sales

Haridwar-based group has given itself a 2-year target for doing so

Balkrishna appointed Ruchi Roy CMD, Ramdev to be director on new board

Besides, Acharya Balkrishna would also be chairman and Swami Ramdev a member of the corporate social responsibility committee of the board of Ruchi Soya

SBI, other PSBs to lend Rs 4,000 cr to Patanjali for Ruchi Soya acquisition

The loan to Patanjali Ayurved comes a few weeks after CARE Ratings withdrew its rating on the firm in October

NCLAT extends deadline to implement Patanjali's Ruchi Soya bid to Dec 16

The appellate is hearing some other matters related to Ruchi Soya, which are slated to be heard on December 9

NCLAT rejects DBS Bank plea challenging Ruchi Soya resolution plan

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved around Rs 4,350-crore resolution plan on July 24, 2019

Banks baulk at Rs 4,000-cr loan to Patanjali for Ruchi Soya acquisition

Say there's no corporate guarantee offered by parent firm for the loan

Patanjali to pump in Rs 3,438 cr in Ruchi Soya to settle creditors' dues

Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt

NCLT approves Patanjali's resolution plan for debt-ridden Ruchi Soya

Ruchi Soya owes over Rs 9,345 crore to financial creditors led by SBI

NCLT approves Patanjali's revised Rs 4,350-cr bid to take over Ruchi Soya

The tribunal also asked the resolution professional to furnish the actual cost of the entre resolution process