Corporate News 12-Nov-14
Ruchi Soya Industries sells entire stake held in subsidiary
To Golden Agri International India Holding for Rs 109.92 crore
Ruchi Soya Industries announced that the Company has sold its entire 50.001% investment of 37,50,001 fully paid Equity Shares in its subsidiary company i.e. Gemini Edibles and Fats India to Golden Agri International India Holding, 108 Pasir Panjang Road, #06-00 Golden Agri Plaza, Singapore 118535 for a consideration of USD 17.88 million (equivalent to Rs. 109.92 crore), as per the share purchase agreement entered into by the Company (and other Sellers) with the Golden Agri International India Holding. The transaction is neither a slump sale nor a related party transaction.
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