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Ruchi Soya stock slips 19% after board clears share allotment for FPO

Shares of Ruchi Soya tanked nearly 20% in early trade after the board of the Baba Ramdev-led firm cleared the allotment of 6.61 crore equity shares via a Follow on Public Offer (FPO). The firm plans to raise Rs 4,300 crore from the share sale. Ruchi Soya stock opened 19.36% lower at Rs 706 against the previous close of Rs 875.45 on BSE.
Ruchi Soya Baba Ramdev Led Public Offer Shares Of Ruchi Soya Baba Ramdev Ruchi Soya Follow On Public Offer

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