Ruchi Soya Industries divests its entire stake in Gemini Edibles and Fats India

Ruchi Soya Industries has sold its entire 50.001% investment of 37,50,001 fully paid equity shares in its subsidiary company ‘Gemini Edibles and Fats India’ to Singapore based Golden Agri International India Holding, for a consideration of $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. Ruchi Soya is India’s leading FMCG Company, India’s number one cooking oil and soy food maker and marketer. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.