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The Curious Case of Ruchi Soya and Loans For Ramdev Baba’s Patanjali

Ask a person well versed with the Stock market, and you won’t find a single person who doesn’t know Ruchi Soya. Share of Ruchi Soya has delivered nearly 96% returns to its shareholders in over two months. The share has gained more than 73% in one year and risen 85.85% since the beginning of this year. If you would have owned 1000 shares of Ruchi Soya, as on February 1st 2020, for 21500, today, you would have 12,09,000 Rupees. That’s the kind of return the shares have delivered in the past one and a half year. Now, all was not well with Ruchi Soya 4 years back. The company was bankrupt and owed some few thousand crores to the lenders. It was in 2019 that Ramdev Baba’s Patanjali took over the Bankrupt company. In less than Six months post the completion of acquisition, the share price of the company surged. But there is an interesting backstory here. and today we are going to talk about this backstory.

#RuchiSoya #Patanjali #BabaRamdev #SBI #PNB #AllahabadBank #UnionBankofIndia #SyndicateBank #ShareMarket

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