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Ruchi Soya up 6500% since relisting, now more valuable than PNB, Vodafone Idea
short by Krishna Veera Vanamali / on Friday 19 June, 2020
Shares of edible oil maker Ruchi Soya, acquired by a consortium led by Patanjali Ayurved, have risen 6,500% since relisting at ₹17 apiece in January. The stock surged to all-time high of ₹1,125 apiece on Thursday, taking its market cap to ₹33,277 crore, higher than PNB, Bosch and Vodafone Idea. Patanjali group currently owns 99.03% in Ruchi Soya after restructuring.
read more at Bloomberg Quint