At what price Patanjali bought Ruchi Soya?

At what price Patanjali bought Ruchi Soya?

In May, Ruchi Soya had announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore. The objective of the acquisition was to expand the product portfolio of the existing business of the company, it had said.

Why Ruchi Soya share is going up?

Analysts are comparing this stellar run with the surge that Ruchi Soya shares saw after Baba Ramdev’s Patanjali Group acquired the company last year in a bankruptcy sale. Public investors hold less than half a per cent shares in the company, which is what is causing the stock to swell.

Which company Patanjali buying?

Ruchi Soya
Addressing a virtual press conference, Congress spokesperson Pawan Khera alleged that Yoga Guru Ramdev-promoted Patanjali group bought Ruchi Soya for ₹4,350 crore. “This company [Ruchi Soya] had taken loans of ₹12,146 crore and the banks started making claims for them.

How did Patanjali Buy Ruchi Soya?

Patanjali acquired Ruchi Soya in 2019 by successfully bidding for the maker Sunrich oil under the Insolvency and Bankruptcy Code. Under Securities and Exchange Board of India’s regulation, it has to bring down its holding below 90\% within 18 months of acquisition since public shareholding fell below 10\%.

Is Baba Ramdev a billionaire?

Patanjali Ayurved’s revenue from operations increased marginally to Rs 9,022.71 crore in the year up to 31 March 2020, Revenue stood at about Rs 8,522.68 crore in FY19. He was reported India’s third-youngest billionaire by Forbes India Rich List 2020.

What is the net worth of Patanjali?

Patanjali’s net worth also increased from Rs 3,728 crore in 2019-20 to Rs 5,427 crore in 2020-21. The FMCG company, which had clocked over Rs 10,500 crore in revenue in 2016-17 itself, has ever since been struggling to keep up the performance.

Who sold Ruchi Soya to Patanjali?

Ramdev
Ramdev-led Patanjali had acquired Ruchi Soya in 2019 through insolvency process. Patanjali will sell 9.89 per cent stake in Ruchi Soya to meet SEBI’s criteria. After the stake sale, Patanjali’s stake in Ruchi Soya will come down to 89 per cent.

Will Patanjali go public?

Patanjali is private company. Hence shares are not publicly traded on any of the exchanges. In future, it may enter into the market. No, Patanjali is not listed on the stock market.

When did Patanjali Ayurved buy Ruchi Soya?

The sale transaction was completed in December 2019 and Patanjali Ayurved paid Rs 4,350 crore to take over. The company was relisted in January this year. However, existing shareholders of Ruchi Soya got only one share for every 100 shares held in the newly formed entity.

What happened to Ruchi Soya stock price after acquisition?

A month after the acquisition, which was completed in December 2019, Ruchi Soya was re-listed on the stock exchanges in January 2020 and was trading at prices around Rs 17 per share. This was to change quickly. By the end of February, the stock price of Ruchi Soya had increased almost 4 times to Rs 62.

How did Ruchi Soya’s market capitalisation surpass Bharti Infratel?

The market capitalisation of Ruchi Soya was Rs 44,592 crore at the peak stock price which was higher than the market capitalisations of Bharti Infratel, Tata Steel, Ambuja Cement and IndusInd Bank. A security guard watches the entrance to a Patanjali store in New Delhi. Photo: Reuters/Adnan Abidi How has this happened?

How much of Ruchi Soya does Sivasankaran own?

In May that year, Sivasankaran owned 13\% in Ruchi Soya, when the stock was quoting at ₹100. Sivasankaran’s entry coincided with company’s expansion in refining capacity, purchase of agri land in India and overseas, and the buyout of Gemini edible oil brand.

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