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Ruchi Soya hits upper circuit on infusion plan

Nidhi Jani 0 4716 Article rating: 4.5

According to the resolution plan, Ramdev Baba’s company will be infusing Rs. 204.75 crore as equity and Rs. 3,233.36 crore as debt. Additionally, it will infuse another Rs. 900 crore through the subscription of non-convertible debentures and preference shares in the SPV. Also, it will provide a credit guarantee of nearly Rs. 12 crore.

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