Ruchi Soya shares crash 19% after announcement of FPO allotment - Economic Times

The company board has approved the allotment of 6,61,53,846 equity shares with a face value of Rs 2 each, aggregating to Rs 4,300 crore, it said in a regulatory filing.

New Delhi: Shares of Ruchi Soya dropped more than 19 per cent during the early trading hours on Wednesday as the company announced the allotment of shares for its follow-on public offering (FPO). Th… [+2454 chars]

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