A stock’s 8,764% surge spurs Sebi to rethink shareholding rules
Ruchi Soya was acquired by a Yoga guru Baba Ramdev’s Patanjali Ayurveda-led consortium last year via an insolvency resolution process
The founders held 99.03% of the company’s capital as of March 31
A 8,764% surge in the shares of a company with a minuscule public shareholding has prompted India’s regulator to consider changing its rules for firms emerging from the nation’s bankruptcy process.
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