Ruchi Soya hits 5% upper circuit as Patanjali plans to infuse Rs3,438cr | Ethical Research Market Updates
According to the resolution plan, Patanjali will be infusing Rs204.75cr as equity and Rs3,233.36cr as debt, the filing added.
Shares of Ruchi Soya Industries hit 5% upper circuit at Rs4.84 on the BSE after the company said that Patanjali group is planning to infuse around Rs3,438cr as equity and debt in the company.
According to the resolution plan, Patanjali will be infusing Rs204.75cr as equity and Rs3,233.36cr as debt. Additionally, it will infuse another Rs900cr through the subscription of non-convertible debentures and preference shares in the SPV. Also, it will provide a credit guarantee of nearly Rs12cr, the filling added.
Further, the amount will be infused in a special purpose vehicle (SPV) 'Patanjali Consortium Adhigrahan', which will be later amalgamated with Ruchi Soya.
Ruchi Soya Industries Ltd is currently trading at Rs4.84, up by Rs0.23 or 4.99% from its previous closing of Rs4.61 on the BSE.
The scrip opened at Rs4.84 and has touched a high and low of Rs4.84 and Rs4.84 respectively.
Shares of Ruchi Soya Industries hit 5% upper circuit at Rs4.84 on the BSE after the company said that Patanjali group is planning to infuse around Rs3,438cr as equity and debt in the company.
According to the resolution plan, Patanjali will be infusing Rs204.75cr as equity and Rs3,233.36cr as debt. Additionally, it will infuse another Rs900cr through the subscription of non-convertible debentures and preference shares in the SPV. Also, it will provide a credit guarantee of nearly Rs12cr, the filling added.
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Further, the amount will be infused in a special purpose vehicle (SPV) 'Patanjali Consortium Adhigrahan', which will be later amalgamated with Ruchi Soya.
Ruchi Soya Industries Ltd is currently trading at Rs4.84, up by Rs0.23 or 4.99% from its previous closing of Rs4.61 on the BSE.
The scrip opened at Rs4.84 and has touched a high and low of Rs4.84 and Rs4.84 respectively.
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