Ruchi Soya market cap closes in on Marico, it’s high time Sebi takes note
Before it delisted last November, Ruchi Soya’s market cap amounted to just 0.23% of Marico’s
At current prices, the acquirer’s stake is worth over ₹40,000 crore
MUMBAI : It’s been about 100 days since Ruchi Soya Industries Ltd’s shares resumed trading after completing the resolution process under the bankruptcy law. Barring six trading sessions, the stock has risen by the maximum permissible limit each day. In all, the stock has risen by about 8,000% since trading resumed in January.
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