Ruchi Soya’s FPO Launched: Plan To Raise Rs 4300 Crore, Baba Ramdev Made This Big Claim

The FPO of Baba Ramdev’s company Ruchi Soya was launched on Thursday. Through this, the company plans to raise Rs 4,300 crore from the market. During this, Baba Ramdev said in a press conference that this is a big day for the Patanjali family. He said that in the next five years, Patanjali and Ruchi Soya will be the number one FMCG firm.

Will make Ruchi Soya debt free

Baba Ramdev said that next month Ruchi Soya company will be completely debt free. Let us tell you that the company has a debt of Rs 3300 crore and if Baba Ramdev is to be believed, then this loan will be paid by the beginning of April. He said that we have entered the market at a time when no one is ready to enter the market amid volatile market environment due to the fierce war between Russia and Ukraine.

FPO is open till March 28.