The company said that as per Sebi regulations, promoters would have to reduce 10% stake by June 2021 and 25% stake in 36 months. The promoters currently hold 98.90% and Public holds 1.10%. Whereas, public should have at least 25%. In such a situation, However, how much Baba Ramdev’s stake will be in the FPO has not been decided yet. Baba Ramdev, said that we will bring FPO next year to reduce stake.
Ruchi Soya to launch FPO in 2021, said Baba Ramdev
