Ruchi Soya Industries is currently trading at Rs. 22.25, up by 1.35 points or 6.46 % from its previous closing of Rs. 20.90 on the BSE.
The scrip opened at Rs. 21.35 and has touched a high and low of Rs. 22.50 and Rs. 20.40 respectively. So far 246829 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.80 on 14-Feb-2017 and a 52 week low of Rs. 18.50 on 31-Aug-2017.
Last one week high and low of the scrip stood at Rs. 22.00 and Rs. 18.50 respectively. The current market cap of the company is Rs. 686.58 crore.
The promoters holding in the company stood at 57.28%, while institutions and non-institutions held 0.16% and 42.56% respectively.
Ruchi Soya Industries has received its board’s consent to explore an internal corporate restructuring exercise which will allow the company to consider various options such as subsidiarisation or de-merger of its business units into separate entities.
This initiative will result in independent businesses, which would operate in the areas of edible oil refining and brands, palm plantations, oil seed crushing and foods, and renewable energy.
A committee has been constituted to oversee the planning and execution of this exercise and a consultant will be appointed for proposing various options followed by a detailed scheme to the board whilst ensuring a high standard of corporate governance, transparency and fairness.
Ruchi Soya Industries is a leading manufacturer and India’s largest marketer of healthier edible oils, soya food, premium table spread, vanaspati and bakery fats. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.
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