Moneycontrol News
Shares of Ruchi Soya Industries added 11.5 percent intraday Wednesday on the back of board approval for internal corporate restructuring.
The company at its meeting held on Sept 6, has given consent to explore an internal corporate restructuring exercise which will allow the company to consider various option such as subsidiarisation or de-merger of its business units in to separate entities.
This initiative will result in independent businesses, which would operate in the areas of edible oil refining and brands, palm plantation, oil seed crushing and foods, and renewable energy.
Dinesh Shahra, managing director of Ruchi Soya said, “The primary aim of undertaking this exercise is to unlock the value of our…
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