![Ruchi Soya renamed as Patanjali Foods; stock surges](https://images.assettype.com/fortuneindia%2F2022-04%2F9bd493b4-c8cc-401b-8c1e-e1b9da62378a%2FRuchi_Soya_Press_Conference_DSC5658_copy.jpg?rect=0,0,2048,1024&w=300&q=95)
Ruchi Soya renamed as Patanjali Foods; stock surges
The Patanjali Ayurved-owned company became debt-free after it repaid ₹2,925 crore worth of loans to banks.
The Patanjali Ayurved-owned company became debt-free after it repaid ₹2,925 crore worth of loans to banks.
The Patanjali Ayurved-owned company's stock jumped 14.71% to ₹938 apiece on the National Stock Exchange.
Authum Investment picks up 12.69 lakh shares in anchor placement.
The follow-on public offer of Ruchi Soya will open on March 24 for subscription.
This comes after the company's board approved a red herring prospectus (RHP) for its follow-on public offering (FPO) worth ₹4,300 crore.