Ruchi Soya to launch FPO in 2021, said Baba Ramdev

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.

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