Ruchi Soya files FIR against circulation of unauthentic messages advertising company’s FPO

Ruchi Soya on March 29 issued a public notice saying they have filed FIR to find out the origin and the culprits of unsolicited SMSes advertising company’s Rs 4,300 crore follow-on public offer (FPO).

“We understand that there are SMS/messages in circulation in social media, speculating about investment in our Company’s issue and about equity shares of our Company being available at discount to market price (“Message”). We wish to bring to attention of the investors that this message has not been issued by company or any of our Directors, Promoters, Promoter Group or Group Companies. A first information report bearing No 0188 dated March 27, 2022 (“FIR”) has been logged by our company with a police station at Haridwar to take up investigation in respect to circulation of the Message, under Section 67A of the Information Technology Act, 2000 and section 420 of the Indian Penal Code, 1860,” the company said in the public notice.

On Monday, market regulator had provided an option to the investors in Ruchi Soya’s FPO to withdraw their applications after the circulation of the said message.

“Great news for all beloved members of Patanjali parivar. A good investment opportunity in Patanjali Group. Patanjali Group company- Ruchi Soya Industries Ltd has opened the Follow-On Public offer (FPO) for retail investors. The issue closes on 28 March 2022. This is available in the price band- Rs 615-650 rupees per share , i.e discount of about 30% to market price. You can apply for shares through your bank/ broker/ ASBA/UPI in your Demat account”, the unsolicited message read.