{"id":34068,"date":"2022-04-06T12:36:38","date_gmt":"2022-04-06T07:06:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-stocks-ruchi-soya-2\/"},"modified":"2022-04-06T12:40:27","modified_gmt":"2022-04-06T07:10:27","slug":"biz-stocks-ruchi-soya-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-stocks-ruchi-soya-2\/","title":{"rendered":"Ruchi Soya shares slump nearly 19%; recovers partially in afternoon trade"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-111850257\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Ruchi Soya Industries took a severe beating on the bourses on Wednesday as it plummeted nearly 19 per cent in early deals and was slowly recovering the lost ground as trading progressed during the day.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2560662358\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The fall came a day after the company announced the allotment of shares under the Rs 4,300 crore-Follow on Public Offer (FPO) which had also come under regulatory lens for certain issues.<\/p>\n<p>On the BSE, the scrip opened at Rs 706 apiece, which was also its intra-day low. Reflecting significant volatility, the share also touched an intra-day high of Rs 815.<\/p>\n<p>In afternoon trade, Ruchi Soya was down nearly 9 per cent to Rs 797.50 apiece on the BSE as the company seemed to be recouping the losses.<\/p><div class=\"trade-content_5\" id=\"trade-1490459480\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>On the NSE too, the shares declined over 9 per cent to Rs 795.40 in afternoon trade after opening at Rs 714.50 apiece. The latter level was also intra-day low while the intra-high was Rs 815 apiece.<\/p>\n<p>The benchmark Sensex dropped over 331 points to Rs 59,845.16 points in the afternoon trade.<\/p>\n<p>On Tuesday, the company informed stock exchanges that it has approved the allotment of 6,61,53,846 equity shares for an amount aggregating to Rs 4,300 crore pursuant to the FPO.<\/p>\n<p>The company had fixed the FPO issue price at Rs 650 per share.<\/p>\n<p>Following the issuance, the company&#8217;s paid-up equity share capital stands increased from Rs 59,16,82,014 to Rs 72,39,89,706, according to regulatory filings.<\/p>\n<p>The issue was open from March 24 to 28.<\/p><div class=\"trade-content-10\" id=\"trade-1428396015\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>However, in a rare move, Sebi, on March 28, had asked bankers of Baba Ramdev-led Patanjali group&#8217;s Ruchi Soya to give an option to investors in its FPO to withdraw their bids while also cautioning them about the &#8220;circulation of unsolicited SMS&#8221; about the share sale.<\/p>\n<p>The FPO closed on March 28, and the withdrawal window was open for two days till March 30, as per the Sebi directive.<\/p>\n<p>Nearly 97 lakh bids were withdrawn by FPO investors after markets watchdog Sebi directed Ruchi Soya to give investors the option to withdraw their bids, sources had said on March 31. PTI RAM DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-1913028574\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Ruchi Soya Industries took a severe beating on the bourses on Wednesday as it plummeted nearly 19 per cent in early deals and was slowly recovering the lost ground as trading progressed during the day. The fall came a day after the company announced the allotment of shares under the Rs 4,300 crore-Follow [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-34068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ruchi Soya shares slump nearly 19%; recovers partially in afternoon trade - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-stocks-ruchi-soya-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ruchi Soya shares slump nearly 19%; recovers partially in afternoon trade\" \/>\n<meta property=\"og:description\" content=\"Shares of Ruchi Soya Industries took a severe beating on the bourses on Wednesday as it plummeted nearly 19 per cent in early deals and was slowly recovering the lost ground as trading progressed during the day. 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