Ruchi Soya Owned by BABA Patanjali is ready for the Follow Up Offer to raise upto 4300 Crore.
The reason for this is to meet the SEBI norm which is a minimum of public shareholding of 25% must be there.
To make this happen, the promoters need to dilute their minimum of 9% of state in this FPO round. The FPO is expected to hit After SEBi Approval.
Along with it the panel approve DRHP for filing with SEBI and BSE & NSE.
If you see the promoters holding have 98.90 and pledged. To Achieve minimum of 25 the stake has to go down.
Over last month the return was 63.31% and the year growth was decent as well. But is it enough to hold it for trade?
Whats your Opinion Comment and Let us Know.
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