Sponsored Ad | Levenstein Crypto Conference - Leaderboard

India: Patanjali to sell stake in Ruchi Soya via a follow-on public offer

India: Patanjali to sell stake in Ruchi Soya via a follow-on public offer

Photo: Reuters

Edible oil producer Ruchi Soya Industries Ltd, owned by Ramdev’s Patanjali Ayurved group, is planning to sell fresh shares through a follow-on public offer (FPO) to cut promoter shareholding as mandated by the markets regulator, said two people aware of the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter