Ruchi Soya Industries Ltd to raise funds through FPO

The board of directors and shareholders of Ruchi Soya Industries Limited, had earlier approved the raising of funds by way of further public offer, rights issue, American Depository Receipts / Global Depository Receipts / Foreign Currency Convertible Bonds, Qualified Institutions Placement, Preferential Issue to BSE Limited and National Stock Exchange of India Limited ("Stock Exchanges"), in relation to fund raising by way of one or more tranches, subject to receipt of requisite approvals under the applicable laws.

The Issue committee constituted and authorized by the Board of Directors of the Company, by way of a circular resolution dated June 12, 2021, has approved (i) raising of funds by way of further public offer (FPO) of equity shares of the Company and (ii) the Draft Red Herring Prospectus dated June 12, 2021 ("DRHP") for filing with Securities and Exchange Board of India ("SEBI") and BSE Limited and National Stock Exchange of India Limited, as per provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

Shares of RUCHI SOYA INDUSTRIES LTD. was last trading in BSE at Rs.1242.9 as compared to the previous close of Rs. 1238.85. The total number of shares traded during the day was 7773 in over 1167 trades.

The stock hit an intraday high of Rs. 1268.1 and intraday low of 1238. The net turnover during the day was Rs. 9706220.

Source : Equity Bulls

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