Ruchi Soya Industries has repaid Rs 2,925 crore loans to banks and has become a debt-free company. The company has recently raised Rs 4,300 crore through its follow-on public offer, and the part of the proceeds has been utilised to repay the debt.
The money was paid to a consortium of bank led by State Bank of India. The other banks in the consortium are Punjab National Bank, Union Bank of India, Syndicate Bank and Allahabad Bank.
Ruchi Soya Industries is engaged in the manufacture of edible oils, vanaspati, bakery fats and soya foods.
