Ruchi Soya Industries is currently trading at Rs 33.95, up by 0.20 points or 0.59% from its previous closing of Rs 33.75 on the BSE.
The scrip opened at Rs. 39.45 and has touched a high and low of Rs. 39.45 and Rs. 33.80 respectively. So far 8828 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 75.40 on 15-Jan-2013 and a 52 week low of Rs 26.15 on 23-Aug-2013.
Last one week high and low of the scrip stood at Rs 40.75 and Rs 32.95 respectively. The current market cap of the company is Rs 1135.76 crore.
The promoters holding in the company stood at 55.77% while Institutions and Non-Institutions held 16.01% and 28.22% respectively.
Ruchi Soya Industries has received an approval for purchase of the oil refining business of Ruchi Infrastructure being run at the plant situated at Kakinada, in the State of Andhra Pradesh, as a going concern for a lump sum consideration of approximately Rs 44 crore subject to adjustment for value of assets and liabilities as on the date of closing in accordance with the Business Transfer Agreement. The board of directors at its meeting held on November 14, 2013 has approved for the same.
The oil refinery business proposed to be purchased includes land, building, the refinery plant and its associated facilities, oil storage tanks, the net current assets, long term foreign currency loans and other liabilities. The proposed transfer of business will be subject to approval of shareholders and lenders of Ruchi Infrastructure and approvals from statutory / regulatory authorities as required.
Ruchi Soya is the largest player in Odisha with access to 28,000 hectares land in Mayurbhanj, Balasore, Bhadrak and Kendrapara districts.
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