Ruchi Soya sells entire stake in Ruchi Kagome Foods India for Rs 63 crore

Ruchi Soya Industries has disposed off its entire stake in the JV Company ‘Ruchi Kagome Foods India’ at a consideration of Rs 63.00 crore and has entered into Termination Agreement and Share Purchase Agreement with Kagome Co. and others, on May 20, 2016, resulting into termination of Joint Venture arrangement with the parties thereto.

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.