Ruchi Soya has termed the news of getting 30 percent discount on his FPO as a rumor and said that the company has nothing to do with the message being circulated in this regard. Ruchi Soya has said in a letter to SEBI (Securities and Exchange Board of India – SEBI) that she has lodged a police report in Haridwar against those who circulate this message.
It is worth noting that the FPO of Ruchi Soya was available for subscription till 28. An SMS (Ruchi Soya SMS) was being sent to the people regarding this FPO, in which it is written that the share of Ruchi Soya’s FPO from Patanjali is available at a discount of 30 percent from the market rate. SEBI had taken cognizance of this message and sought clarification from Ruchi Soya.
Ruchi Soya’s FPO has closed on 28 March. Within hours of the closure of the issue, the market regulator took action on the company and opened the exit window for small investors. SEBI said that retail investors who had invested in Ruchi Soya’s FPO within three days from March 28 to 30, can exit if they want. Simultaneously, SEBI has directed leading banking managers to advertise in newspapers warning all investors about such unwanted SMS.
Ruchi Soya gave this answer
Ruchi Soya said in a letter to SEBI that, “We would like to draw the attention of the investors that the SMS related to the FPO of the company is being circulated in the market by the company or any of our directors, promoters, promoters group or group companies. Not issued by That’s why first of all, we have lodged an FIR in Haridwar on 27th March against the person who circulated this message.
It was written in the message
The message read, “There is great news for all the dear members of the Patanjali family. The follow-on offer (FPO) of Patanjali Group’s company Ruchi Soya Industries Limited has been opened to retail investors. The issue will close on March 28. The issue is available at Rs 615-650 per share, which is 30 per cent lower than the market price. You can invest for this from your DMAT account through bank/broker/ASBA/UPI.”