Ramdev's Ruchi Soya stock jumps 8% after listing

April 08, 2022 10:57

The stock of Ruchi Soya Industries on Friday jumped over 8 per cent after listing of shares of the company pursuant to the Follow on Public Offer (FPO).

The stock jumped 7.77 per cent to Rs 882.55 on the BSE. At the NSE, it gained 8.23 per cent to Rs 885.

According to a BSE notice dated April 7 (Thursday), 6,61,53,846 equity shares of Rs 2 each fully paid up of Ruchi Soya Industries Limited are listed and admitted for trading on the exchange with effect from Friday, April 08, 2022.

On Tuesday, the company had informed stock exchanges that it has approved the allotment of 6,61,53,846 equity shares for an amount aggregating to Rs 4,300 crore pursuant to the FPO. The company had fixed the FPO issue price at Rs 650 per share. The issue was open from March 24 to 28. -- PTI

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