Within a month of Ruchi Soya Industries being relisted on the bourses on January 27, a Delhi-based company — then just six months old — had acquired a 5.94 per cent stake in the FMCG firm for Rs 13 crore after getting an unsecured loan from a zero-income, loss-making consultancy linked to an auto components manufacturer.
Five months later, that investment is worth 100 times more at Rs 1,314 crore. Indore-based Ruchi Soya, which was acquired by Ramdev’s Patanjali Ayurved in a bankruptcy sale, witnessed a stellar rally in its stock till recently. ...
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