Patanjali Ayurved group, which is currently unlisted, is the promoter of Ruchi Soya
Yoga guru Baba Ramdev has got away with a mere rap from market regulator Securities and Exchange Board of India (Sebi) for making dubious investment promises.
In a viral video, Ramdev is seen asking his followers to buy shares of Ruchi Soya Industries if they want to become crorepatis. The comments came ahead of the company’s Rs 4,500-crore fundraise by way of a follow-on offering (FPO).
“Ruchi Soya’s FPO is being talked about. I give you the mantra to become a crorepati. Open a demat account today itself. Buy shares of Ruchi Soya when I tell you. After that shares of Patanjali, whose market cap is lakhs of crores any global agency will tell you,” he is seen saying in
First Published: Oct 02 2021 | 10:32 AM IST