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<ul><li><keyword id="53343" type="General" weightage="20" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword> is likely to announce its share allotment status today.</li><li>The company is one of the leading fast-moving consumer goods (FMCG) brands in India.</li><li>The FPO will be listed on April 8 on exchanges.</li></ul>The fast moving consumer goods (FMCG) company Ruchi Soya Industries — a subsidiary of the Patanjali Group, is likely to announce the allotment status of its follow-on public offering (FPO) today, April 5. The FPO was open for subscription from March 24 to March 28. In the three days of subscription, the follow-on public offer (FPO) was subscribed 3.6 times by investors. However, the firm got caught in a tangle with markets regulator Securities and Exchange Board of India (SEBI), wherein the regulator had allowed investors to withdraw their bids from Ruchi Soya’s FPO. Reportedly during this period, the subscription fell from 3.6 times to 3.4 times. A total of 14,583 applications made in the FPO were cancelled. The company came up with FPO to pay off huge debt and thereby cutting promoter shareholding in the company in compliance with SEBI norms. The company will use the proceeds from the FPO to repay its loans, for working capital needs and general corporate purposes. The price band of the FPO is ₹615-650 per share. Moreover, the grey market premium of the company’s shares showed a premium of ₹25 from the higher end of the price band. The company is one of the leading FMCG brands in the Indian edible oil sector and also one of the largest manufacturers of soya foods. Here is how to Ruchi Soya FPO allotment status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Ruchi Soya’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted. </li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Ruchi Soya’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/analysts-suggest-buying-hdfc-bank-shares-on-every-dip-as-merger-to-strengthen-housing-loan-portfolio/articleshow/90640153.cms">Analysts suggest buying HDFC Bank shares on every dip as merger to strengthen housing loan portfolio</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/rally-in-adani-group-companies-not-only-made-gautam-adani-indias-richest-man-but-also-made-a-fortune-for-its-investors/articleshow/90638038.cms">Rally in Adani Group companies not only made Gautam Adani India’s richest man, but also made a fortune for its investors</a>

Ruchi Soya FPO: Here’s how you can check the allotment status

The promoters of <keyword id="6595587" type="General" weightage="100" keywordseo="patanjali-foods" source="Orion">Patanjali Foods</keyword> on Thursday said they do not foresee any adverse or negative impact on the financial position of the company owing to the instant freeze of promoters' shareholding by the stock exchanges. Earlier, the stock exchanges had put a freeze on the shares owned by the promoters for not meeting the minimum public shareholding (MPS) requirements as specified in the <keyword id="175952" type="General" weightage="50" keywordseo="securities-contracts" source="Orion">Securities Contracts</keyword> (<keyword id="6354397" type="General" weightage="80" keywordseo="scr" source="Orion">SCR</keyword>) (Regulation) Rules, 1957, of the Securities and Exchange Board of India (SEBI). According to a statement of the company, shares were already under lock-in as per SEBI guidelines till April 2023 (one year from the date of listing i.e. April 08, 2023), and instant actions of stock exchanges do not appear to have a negative impact on the functioning of the Company. As per SCR Rules where as a result of the implementation of the resolution plan approved, public shareholding in a listed company falls below 10 per cent then the same shall be increased to at least 10 per cent within a maximum period of twelve months from the date of such fall. In December 2017, the National Company Law Tribunal initiated insolvency proceedings against Patanjali Foods, earlier known as <keyword id="53343" type="General" weightage="80" keywordseo="ruchi-soya" source="Orion">Ruchi Soya</keyword> Industries. And in July 2019, the tribunal approved the resolution plan submitted by <keyword id="6406649" type="General" weightage="80" keywordseo="patanjali-ayurved" source="Orion">Patanjali Ayurved</keyword> for Ruchi Soya. Owing to the allotment of the equity shares made pursuant to the implementation of the resolution plan as duly approved by the National Company Law Tribunal (NCLT), the aggregate shareholding of the promoter and promoter group of the company increased to 98.87 per cent of the total issued, paid up and subscribed equity share capital of the Company. The company was acquired by Patanjali Group pursuant to the approval of the resolution plan submitted by a consortium led by Patanjali Ayurved by NCLT vide its order dated July 24, 2019, read with order dated September 4, 2019, and the same was implemented with effect from December 18, 2019. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/vedanta-appoints-omar-davis-as-its-president-strategy/articleshow/98690407.cms">Vedanta appoints Omar Davis as its President-Strategy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/global-uncertainty-rising-need-to-maintain-margins-of-safety-chief-economic-advisor/articleshow/98690709.cms">Global uncertainty rising, need to maintain 'margins of safety': Chief Economic Advisor</a>

Patanjali's promoters say shareholding freeze won't impact company's financial position

As India reopened international travel last month after two years of the pandemic, <keyword id="54613" type="General" weightage="20" keywordseo="makemytrip" source="Orion">MakeMyTrip</keyword>'s fintech arm <keyword id="13130298" type="General" weightage="20" keywordseo="tripmoney" source="Orion">TripMoney</keyword> on Tuesday said it has acquired a majority stake in <keyword id="1856228" type="General" weightage="20" keywordseo="bookmyforex" source="Orion">BookMyForex</keyword>, India's leading online foreign currency exchange services provider, for an undisclosed sum. With this move, BookMyForex's suite of services, including currency exchange that offers real-time exchange rate, multi-currency prepaid forex cards, cross border remittances as well as other ancillary products, will soon be available for MakeMyTrip and Goibibo customers. "The acquisition of a majority stake in BookMyForex is in line with our strategic vision to build a travel super app offering a complete suite of services for the discerning traveller," said Rajesh Magow, Co-Founder and Group CEO of MakeMyTrip. The leading online travel platform will also leverage the network of BookMyForex's partners, including select banks and reputed exchange companies, to fulfil forex requirements of customers in multiple cities across the country. "The investment from TripMoney comes at an opportune time, as the world warms up to international travel. We will leverage the strength of MakeMyTrip and Goibibo to scale new heights by gaining deeper geographic penetration," said Sudarshan Motwani, CEO of BookMyForex. Leading private equity firm Faering Capital as well as founders and promoters - Nitin Motwani and Sudarshan Motwani -- will continue to stay invested in BookMyForex. "We are delighted to welcome MakeMyTrip as a shareholder in the company," said Aditya Parekh, Managing Director at Faering Capital. BookMyForex is India's first tech initiative in the foreign exchange domain and the market leader in the online retail forex space. MakeMyTrip last month forayed into the world of non-fungible tokens (NFTs) to celebrate the popular as well as unexplored travel landscapes in the country. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/tech/news/elon-musk-is-now-asking-if-people-want-an-edit-button-in-twitter/articleshow/90656209.cms">Elon Musk is now asking if people want an edit button after acquiring a 9.2% stake in Twitter</a> <a href="https://www.businessinsider.in/stock-market/news/zomato-tcs-indusind-bank-among-top-stocks-to-watch-out-for-on-april-5/slidelist/90654292.cms">Zomato, TCS, IndusInd Bank among top stocks to watch out for on April 5</a> <a href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-ruchi-soya-fpo-allotment/articleshow/90650772.cms">Ruchi Soya FPO: Here’s how you can check the allotment status</a>

MakeMyTrip acquires foreign exchange services provider BookMyForex

<ul><li>BollyCoin on Tuesday announced its plans to launch a Salman Khan-inspired <keyword id="12846693" type="General" weightage="20" keywordseo="chulbul-pandey-nft" source="Orion">Chulbul Pandey NFT</keyword> collection.</li><li><keyword id="419913" type="General" weightage="20" keywordseo="chulbul-pandey" source="Orion">Chulbul Pandey</keyword> will be Bollywood actor <keyword id="6354583" type="General" weightage="20" keywordseo="salman-khan" source="Orion">Salman Khan</keyword>’s legendary character in the Dabangg franchise.</li><li>Chulbul Pandey NFT holders will also get exclusive access to special Bollywood virtual events in the Metaverse.</li></ul>Community-driven platform BollyCoin on Tuesday announced its plans to launch a Salman Khan-inspired Chulbul Pandey non-fungible tokens (NFT) collection, which includes wearables like accessories, outfits or skins that could be used in the metaverse platforms such as Decentraland and Sandbox. Chulbul Pandey will be Bollywood actor Salman Khan’s legendary character in the Dabangg franchise. The company says that this NFT is the first step towards its ambition of taking Bollywood to the metaverse. The company has partnered with the famed Cope Studio — which was recently acquired by Polygon — to create these cutting-edge NFTs. Chulbul Pandey NFT holders will also get exclusive access to special Bollywood virtual events in the Metaverse. “Metaverse is the next frontier across industries. Given its immense scope, it is inevitable that it comprises all the elements that can enhance the Bollywood experience for our movie-buff nation. Through the launch of this pioneering NFT that will prompt the foray into Metaverse, BollyCoin aims to be the vehicle that accelerates the adoption of Bollywood NFTs,” Kyle Lopes, cofounder and spokesperson of BollyCoin, said. Founded in October 2021, BollyCoin is that community-driven platform where Bollywood bonds with cryptocurrency. It also has its own cryptocurrency listed on the decentralized exchanges namely UniSwap and QuickSwap. The company has announced partnerships with production houses including Salman Khan Films, Arbaaz Khan Production, Sohail Khan Productionz, Reel Life Production Private Limited and others. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/tech/news/elon-musk-is-now-asking-if-people-want-an-edit-button-in-twitter/articleshow/90656209.cms">Elon Musk is now asking if people want an edit button after acquiring a 9.2% stake in Twitter</a> <a href="https://www.businessinsider.in/stock-market/news/zomato-tcs-indusind-bank-among-top-stocks-to-watch-out-for-on-april-5/slidelist/90654292.cms">Zomato, TCS, IndusInd Bank among top stocks to watch out for on April 5</a> <a href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-ruchi-soya-fpo-allotment/articleshow/90650772.cms">Ruchi Soya FPO: Here’s how you can check the allotment status</a>

Bollywood fans can now look like Salman Khan in the metaverse with Chulbul Pandey NFT

<keyword id="45417" type="General" weightage="20" keywordseo="adani-power" source="Orion">Adani Power</keyword> has received Rs 3,000 crore dues with interest from the Congress-ruled <keyword id="6355588" type="General" weightage="80" keywordseo="rajasthan" source="Orion">Rajasthan</keyword>'s state-owned power distribution companies as compensation for higher fuel costs. Holding the three Rajasthan discoms guilty of contempt of its August 31, 2020 order, a <keyword id="6354977" type="General" weightage="50" keywordseo="supreme-court" source="Orion">Supreme Court</keyword> bench led by Justice Vineet Saran had on February 25 asked the top brass of the Rajasthan discom to be personally present before it for framing of charges if they failed to pay <keyword id="76451" type="General" weightage="20" keywordseo="adani" source="Orion">Adani</keyword> Power its dues, as directed. The Supreme Court gave four weeks to the discoms to make a payment of Rs 3,048.63 crore to Adani Power, along with the interest. Sources said that in the last hearing on March 31, Adani Power had informed the apex court that Rajasthan discoms made a payment of Rs 3,000 crore to the company on March 30. The officials, who the court said would need to be personally present before it if the latest order is not complied with, are Rajasthan Urja Vikas Nigam Chairman Subodh Agarwal and its MD Bhaskar Atmaram Sawant, Jaipur Vidyut Vitran Nigam MD Navin Arora, Ajmer Vidyut Vitran Nigam MD V.S. Bhati and Jodhpur Vidyut Nigam MD Avinash Singhvi. Adani Power had signed an agreement with the Rajasthan discoms in March 2008 to set up a 1,200 MW coal-based power project near Kawai in Baran district at a cost of Rs 6,000 crore. As per the agreement, the state had to facilitate the supply of coal either from the Central government or other sources. Since it failed to do so, the company procured imported coal to supply power. The company claimed higher costs from the Rajasthan Electricity Regulatory Commission (RERC). The RERC in 2018 ordered in favour of Adani Power and directed payment of compensation by the discoms. The discoms moved the Appellate Tribunal for Electricity (Aptel), which upheld the Commission's order. The matter moved to the Supreme Court as the discoms argued that Adani Power was responsible for the fuel arrangement. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/tech/news/elon-musk-is-now-asking-if-people-want-an-edit-button-in-twitter/articleshow/90656209.cms">Elon Musk is now asking if people want an edit button after acquiring a 9.2% stake in Twitter</a> <a href="https://www.businessinsider.in/stock-market/news/zomato-tcs-indusind-bank-among-top-stocks-to-watch-out-for-on-april-5/slidelist/90654292.cms">Zomato, TCS, IndusInd Bank among top stocks to watch out for on April 5</a> <a href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-ruchi-soya-fpo-allotment/articleshow/90650772.cms">Ruchi Soya FPO: Here’s how you can check the allotment status</a>

Adani Power receives ₹3,000 crore dues from Rajasthan government

<ul><li><keyword id="830092" type="General" weightage="20" keywordseo="zomato" source="Orion">Zomato</keyword>'s shares were trading at ₹83.70 on Tuesday morning.</li><li>It currently sits on a market cap of ₹66,084 crore ($8.7 billion).</li><li>Zomato’s shares have fallen over 33% since its listing in July 2021.</li></ul>The share price of Zomato dipped nearly 3% on Tuesday morning, a day after the Competition Commission of India (CCI) decided to probe the company and its rival Swiggy over unfair pricing strategies. At 9:48 a.m., Zomato's shares were trading at ₹83.7, which is 2.9% lower than the previous day's close at ₹86.2. The food delivery firm currently sits on a market cap of ₹66,084 crore ($8.7 billion). This is nearly half of the ₹100,000 crore, or $13 billion, market cap the company reached within a few hours of its debut in the stock market. Zomato’s shares have fallen over 33% since its listing in July 2021. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> India’s anti-monopoly watchdog on Monday ordered a probe into food delivery businesses Zomato and Siggy over alleged unfair pricing practices and several other issues flagged by the restaurant association last year. The National Restaurants Association of India (NRAI) accused Zomato and Swiggy of indulging in deep discounting, data masking, imposing price parity terms on restaurants that worked with them and imposing high commission. The association, which represents over 500,000 restaurants, alleged that these practices were actually eating into these businesses. Now the CCI has asked its director-general to submit a report on this matter in the next 60 days. “The Commission is of the view that there exists a prima facie case with respect to some of the conduct of Zomato and Swiggy, which requires an investigation by the director general (DG), to determine whether … (they have) resulted in contravention of the provisions of Section 3(1) of the Act read with Section 3(4) thereof,” the anti-monopoly watchdog said in its order dated April 4. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/zomato-tcs-indusind-bank-among-top-stocks-to-watch-out-for-on-april-5/slidelist/90654292.cms" style="">Zomato, TCS, IndusInd Bank among top stocks to watch out for on April 5</a> <a href="https://www.businessinsider.in/stock-market/news/here-is-how-to-check-ruchi-soya-fpo-allotment/articleshow/90650772.cms" style="">Ruchi Soya FPO: Here’s how you can check the allotment status</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-suggest-buying-hdfc-bank-shares-on-every-dip-as-merger-to-strengthen-housing-loan-portfolio/articleshow/90640153.cms" style="">Analysts suggest buying HDFC Bank shares on every dip as merger to strengthen housing loan portfolio</a>

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Ruchi Soya FPO: Here’s how you can check the allotment status

Bhakti Makwana

Patanjali's promoters say shareholding freeze won't impact company's financial position

ANI

MakeMyTrip acquires foreign exchange services provider BookMyForex

IANS

Bollywood fans can now look like Salman Khan in the metaverse with Chulbul Pandey NFT

Kritti Bhalla

Adani Power receives ₹3,000 crore dues from Rajasthan government

IANS

Zomato stock dips nearly 3% after CCI’s probe order

Kritti Bhalla

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