Ruchi Soya moves up 3% as bidding hots up

Epic Update Ruchi Soya Industries

Ruchi Soya Industries pulled higher by 3% on Wednesday as Adani Wilmar has emerged as the highest bidder for the bankrupt firm. Adani Wilmar, a joint venture between the infrastructure conglomerate founded by Gautam Adani and Singapore’s Wilmar, has trumped Ramdev-backed Patanjali Ayurved, ET reported. At 9.40 am, the stock was ruling 2.97% higher at Rs 12.55 on the BSE.

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