Shares of Adani Wilmar surged as much as 2.7%, while Ruchi Soya share price gained 1.3% following the government’s directives to cut cooking oil prices by up to ₹10 per litre.
Shares of Adani Wilmar and Ruchi Soya hit 5% lower circuit on the BSE amid volatile sentiment in the broader indices.
Ruchi Soya’s name will be changed to Patanjali Foods Ltd; the indicative time period to complete the acquisition is July 15, 2022.
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.
A little help from lenders facilitated Ruchi Soya’s follow-on public offer.
The BSE Sensex and the NSE Nifty are set to open lower on Friday, mirroring weak cues from Asia and Wall Street as well as negative trade on SGX Nifty futures.
The BSE Sensex and the NSE Nifty are poised to open higher on Wednesday, mirroring firm cues from Asia and Wall Street as well as positive trade on SGX Nifty. futures.
Shares of Ruchi Soya rallied as much as 20% even after its ₹4,300 crore follow-on public offering faces a regulatory hurdle.
The BSE Sensex and the NSE Nifty are set to rise at the open on Tuesday, following strong cues from Asian peers and firm trends on the SGX Nifty futures.
