Day Trading Stocks & Futures

[timepass]

Ruchi Soya... How the hell it's listed ???

share holding pattern.. promoters (patanjali) holds 99.03%

There was some restructuring which means that the promoters have more time to get to 75% level.

Ruchi Soya enters top-100 most-valued companies list; stock hits new high
https://www.business-standard.com/a...-list-stock-hits-new-high-120061200281_1.html

 

[siddhant4u]

It is in Trade to Trade category, just like D-Mart was a few weeks ago. Meaning compulsory delivery stock.

https://economictimes.indiatimes.co...own-punters/articleshow/74432600.cms?from=mdr

doesn't sebi has restriction on max 75% share holding ?

beside, Patanjali bought the company from NCLT for rs. 4350 cr, Reduced equity holding of existing share holders by 99% (i.e. 1 share instead of earlier 100 shares) before re-listing.

Now with jacked up prices (up 5000% since Feb) , if they sell 20%, patanjali could repay all of 4350 cr loan and still hold 79% of company...

 

[siddhant4u]

There was some restructuring which means that the promoters have more time to get to 75% level.

Ruchi Soya enters top-100 most-valued companies list; stock hits new high
https://www.business-standard.com/a...-list-stock-hits-new-high-120061200281_1.html

my question is why they were allowed to relist? specially with such low free float of shares, its easy to manipulate the share price and full investors. It started as penny stock but it's not that anymore. with 27,000 cr market cap, Ramdev baba is happy man...

 

[timepass]

doesn't sebi has restriction on max 75% share holding ?

beside, Patanjali bought the company from NCLT for rs. 4350 cr, Reduced equity holding of existing share holders by 99% (i.e. 1 share instead of earlier 100 shares) before re-listing.

Now with jacked up prices (up 5000% since Feb) , if they sell 20%, patanjali could repay all of 4350 cr loan and still hold 79% of company...

my question is why they were allowed to relist? specially with such low free float of shares, its easy to manipulate the share price and full investors. It started as penny stock but it's not that anymore. with 27,000 cr market cap, Ramdev baba is happy man...

There are some rules about restructuring which allowed it.

 

[siddhant4u]

There are some rules about restructuring which allowed it.

PROFIT making machine, invest 4350 Cr, and get 27,000 Cr in 6 months !!

 

[siddhant4u]

Nifty 15 min spot

Nifty didn't go down in first 1 hr signalling it wasn't going down. After European market open and SC decision only way was to go up

 

[cinderblock]

Lagta hai aaj hi phir 10,000

 

[vikas2131]

Lagta hai aaj hi phir 10,000

So much buying is there in market . Deep correction in market seems unlikely.

 

[travi]

Lagta hai aaj hi phir 10,000

kya kare, lagta hai bahut logo ki bus chhut gayi thi

 

[mohan.sic]

market 20 + points Seems good time now any one taking put positions ?