Ruchi Soya to use Rs 3,300 cr from FPO proceeds to retire debt: CEO - Economic Times

3/21/2022 12:00:00 AM3 years 1 month ago
by ET Now
by ET Now
“Of the total Rs 4,300 crore proceeds, Rs 3,300 crore will be used to retire 80-85% debt. We The debt component of the companys balance sheet will be negligible and the plan is to retire that also in a few months time. The company has to be debt free as earl…
Twice we have gone to the marketplace and reduced the MRPs on our edible oil product portfolio and we will continue to work on making sure that the consumers do not get impacted especially in oils li… [+4776 chars]
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