Ruchi Soya’s Board of Directors approves to change the name to Patanjali Foods Limited

Swami Ramdev On Ruchi Soya: Yoga guru Swami Ramdev told that the name of Ruchi Soya Industries Ltd. is going to change soon. He told that the Board of Directors of Ruchi Soya has approved to change the name to Patanjali Foods Limited. This process will start after getting approval from the shareholders.

food retail business transfer

Swami Ramdev told that Patanjali Ayurved will also have a separate IPO. Patanjali’s food retail business will be transferred to the company. He said that the food retail business of Ayurveda is valued at Rs 690 crore. Retail business will also be transferred by July 15, 2022.

Patanjali occupied 90% of Giloy’s market

Swami Ramdev told that Ruchi Soya has turned around in the last 2 years. The company has leadership in many segments. 8 categories of food have been transferred. He told that Patanjali Foods occupied 90 percent of Giloy’s market. In the coming time, the goal is to make Patanjali debt-free. The target is to double Patanjali’s income from next year.

stock jumped

After the announcement of Swami Ramdev, the stock of Ruchi Soya is seeing a rise. On Wednesday too, the stock jumped more than 7 percent and it crossed Rs 1100. At present, the stock is trading at Rs 1160.

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