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Ruchi Soya shares hit upper circuit, jump 5 pc

Press Trust of India  |  New Delhi 

Shares of surged 5 per cent today amid reports that Gautam Adani's group company has offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of the bankruptcy-hit edible firm.

The stock gained 4.94 per cent to close at Rs 12.74 -- its upper circuit limit -- on the

On NSE, shares of the company climbed 4.93 per cent to end at Rs 12.75 -- its highest trading permissible limit for the day.

In terms of equity volume, 17.18 lakh shares of the company were traded on and over one crore shares changed hands on NSE during the day.

The (CoC) of Ruchi Soya, in its meeting held yesterday, opened the bids submitted by the two contenders -- Patanjali group and Adani Wilmar, which sells cooking under the

today sought clarification from Industries with reference to the

Ruchi Soya, which is facing the insolvency proceedings, has a total debt of about Rs 12,000 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 16:35 IST