Ruchi Soya gains 8% after listing of FPO shares; stock rises 17% in 2 days

Around 66.15 million equity shares, allotted in follow-on-public offering, started trading on the exchanges from today

Shares of Ruchi Soya Industries jumped 8 per cent to Rs 883 on the BSE in Friday's intra-day trade, extending its Thursday's 8.5 per cent gain' after 66.15 million equity shares, which were allotted in follow-on-public offering (FPO), started trading on the exchanges from today.

"6,61,53,846 equity shares of Rs 2 each fully paid up of Ruchi Soya Industries are listed and admitted for trading on the Exchange with effect from Friday, April 08, 2022," BSE said in notice dated April 7, 2022.

At 09:24 am, Ruchi Soya traded 2 per cent higher at Rs 837.65, as compared