Friction #3: The shocking lack of heroes in the Ruchi Soya saga

Ruchi Soya

Much heat has been generated over the slippery events at edible oil maker Ruchi Soya Industries Ltd, which emerged from bankruptcy earlier this year only to set the bourses on fire with a sizzling run that saw its stock price scale unprecedented levels. With its new owner—Patanjali Ayurved Ltd, the consumer goods company launched by the yoga guru known as Baba Ramdev—holding 99% of the stock, leaving barely a few […]

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Image by Charles Thompson from Pixabay. The Morning Context has raised money from a clutch of investors, entirely in their personal capacity. It is quite likely that some of them may be directly or indirectly involved in a competing line of business similar to the companies we write about. Our full list of investors is here.


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