Business Standard

Ruchi Soya FPO: Sebi orders retail investors be allowed to withdraw bids

Sebi's directive comes amid 'circulation of unsolicited SMSs advertising the issue'; the window for withdrawal shall be available on March 28, March 29 and March 30, 2022

Ruchi Soya allots shares worth Rs 1,290 cr to anchor investors ahead of FPO
Premium

BS Web Team New Delhi
Market regulator Sebi has on Monday directed Ruchi Soya to give the option to the FPO investors (apart from anchor investors) to withdraw their bids due to “circulation of unsolicited SMSs advertising the issue”. The regulator has said prima-facie the contents appear to be "misleading/fraudulent".

The window for withdrawal shall be available on March 28, March 29 and March 30, 2022.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 28 2022 | 6:47 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com