Baba Ramdev- Ruchi Soya Industries Limited will hold a board meeting on June 29. At this meeting, the annual result will be discussed as well as important announcements will also be made.
IPO could be announced
According to media reports, the company may announce its IPO during the meeting. Along with this, information on the company’s results for the quarter and fiscal year ended March 31 will be given at the meeting.
Ruchi Soya stocks up 5% today
It should be noted that today, the stock market of Ruchi Soya Company reached the top of the circuit with a rise of 5%. Ruchi Soya stock traded at Rs 1,136.35 with a gain of Rs 54.10 on the NSE at 11:07 am. This stock is experiencing a jump ahead of yesterday’s meeting and is trading up 5%.
Company profit was Rs 227.44 crore in the October-December quarter
Let us tell you that in 2019 Ruchi Soya was acquired by Patanjali Ayurved from Baba Ramdev. For this, there was an agreement of Rs 4350 crore between Patanjali and Ruchi Soya. Ruchi Soya’s board of directors includes Ramdev’s brother, Ram Bharat, as well as his associate Balakrishna.
