Shares fell 19% on the day of allotment of “Ruchi Soya FPO” – What happened?
Patanjali-owned Ruchi Soya’s FPO was open from March 24 to March 28 where the company invested Rs. Karna was looking to raise 4,300 crores. The price band of ISS FPO share was Rs. 615 to Rs. 650 – which was a lot from his LTP i.e. the latest trading price of 882. The minimum order …