NEW DELHI, Aug 28: Bankruptcy-bound Ruchi Soyas promoters have sold 1.06 crore shares, worth 3.18 per cent stake, through open market transactions, the debt-ridden edible oil firm said in a regulatory filing.
Ruchi Soyas promoter entity Disha Foundation Trust sold these shares on August 24.
After sale of these shares, the promoters stake in the company has come down to 38.88 per cent from 42.06 per cent, the filing said.
Ruchi Soya, which is facing insolvency proceedings, has a total debt of about Rs 12,000 crore. The company has many manufacturing plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
In December 2017, Ruchi Soya Industries…
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