Ruchi Soya locked in 5% UC

Ruchi Soya was locked at the 5% UC at Rs.9.42, with volume touching almost 10 lakh shares.

The stock hit the UC on news that its lenders have approved the Rs.6000 crore Adani Wilmar bid for the company. Second-in-race was Patanjali, with a Rs.5700 crore bid.

The next step is to get approval from approval the National Company Law Tribunal (NCLT). Ruchi Soya,  India's largest manufacturer of edible oil, is sitting on a debt of over Rs.12,000 crore.