Exclusive: In chat with Anil Singhvi, Swami Ramdev reveals plans about Ruchi Soya FPO

In an exclusive chat with Zee Business Managing Editor Anil Singhvi, Yoga Guru Swami Ramdev wished the channel viewers a happy and prosperous Diwali while extolling praise on Patanjali- a home grow ayurvedic to FMCG brand in India. Swami Ramdev said that the brand is a big inspiration for domestic companies and have been working for an Aatmanirbhar Bharat. 

He emphasised in the Need to be Vocal for Local and Local for Global. The Patanjali Trust was formed in 1995 and it has now successfully completed 25 years, Swami Ramdev said.  

Singhvi spoke to him about the Follow-on Public Offer, that Ruchi Soya is planning to bring in a bid to reduce the promoter’s stake. The promoters are required to reduce their stake by 10 per cent by June 2021.

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SUPER EXCLUSIVE INTERVIEW

आज का सबसे बड़ा इंटरव्यू...

रुचि सोया के FPO पर योग गुरु स्वामी रामदेव के साथ अनिल सिंघवी की खास बातचीत #ZBizExclusive #RuchiSoya #Patanjali @AnilSinghvi_ @yogrishiramdev @Ach_Balkrishna @PypAyurved https://t.co/m9S8Vgf6eC

— Zee Business (@ZeeBusiness) November 18, 2020

 Swami Ramdev said that the company was taken over when it was an NPA. The company will soon be brought to the FMCG fold. It is currently operating in the commodity space, he said.  

The company was listed again on 27 January 2020 after the new management took over.  

As per the Sebi rule, the company is required to reduce its holding between 10-25 per cent, he said. 

He said that the quantum of stake sale will be divulged at a later stage.  

He further said that the company has been making operational changes and increasing capacities. It will undertake more such activities, going forward.      

Patanjali has given a great competition to foreign companies in the edible oil segment that has averted monopolisation of foreign companies. 

Swami Ramdev also said that Patanjali’s products have a bough a paradigm shift in the way people look at their health.  

The Market Guru also probed the Yoga Guru on the price issue of Ruchi Soya stock. In an earlier interview in June, the latter had told Singhvi how some greedy people had been able to impact the share prices, making it shoot up. 

On 19 June, the price of this stock was Rs 1190 which has come down to Rs 590 now. This is almost 50 per cent down now.  

On the question, if the shares will be available on relatively lower price when the FPO comes, Swami Ramdev said that, he cannot reveal such details now but thing were going in the right direction.

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He said that the market forces will determine the price of the shares, but any development from here will be as per the rules. He said that the price stability will enhance after the FPO.