Mumbai, April 8: On the very first day of the Ruchi Soya share listing, the issue price rose from Rs 650 to 44.41% to reach Rs 938.70 on Friday even as the company claimed to have become debt-free. Swami Ramdev along with Chairman of Ruchi Soya Industries Limited, Acharya Balkrishna, Managing Director Ram Bharat and CEO Sanjeev Asthana visited all the five banks (SBI, PNB, Union Bank, Syndicate Bank) on the very first day under the leadership of State Bank of India and Allahabad Bank and repaid a loan of Rs 2925 crore to the consortium. “With this payment of all due loans by March 31, the debt on Ruchi Soya will become zero,” a statement from the company said. A total of 4 crore 3 lakh 71 thousand 9 hundred 23 (4,03,71,923) shares were traded during the day. The closing price on April 7 was Rs 817.75 against the closing price of Rs 855 today. With the increase of 14.79%, the highest price went up to 938.70 and the market closed at 923.45. In a tweet, Acharya Balkrishna said, “Ruchi Soya Debt Free Today! @TheOfficialSBI We handover a check of Rs 29,25,00,00,000 (Two thousand nine hundred twenty five crore) to SBI Chairman Dinesh Kumar Khara and MD Ashwini Bhatia ji, the loan taken ahead of time, humbly payment is possible only by a sanyasi.” (UNI)
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