Why is Ruchi Soya now planning to raise Rs.4,000 crore from the IPO market?
Answer
Answer
Patanjali backed Ruchi Soya has filed DRHP with SEBI to raise Rs.4,300 crore via IPO. The proceeds will be used to redeem some of its outstanding Rs.3,127 crore of debt. Ruchi is now profit making post the takeover and the access to Patanjali’s marketing network. Ruchi Soya is a pioneer of soya foods in India.