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Our Bureau

Mumbai, March 21

Ruchi Soya Industries Ltd (RSIL) announced that the Bombay Stock Exchange Ltd has granted `no-objection' for merger of Ruchi Health Foods Ltd, Aneja Solvex Ltd, General Foods Ltd, Ruchi Credit Corporation Ltd and Ruchi Private Ltd (after de-merger of its leasing business into Nutrela Marketing Private Ltd) with Ruchi Soya Industries Ltd. It has also given its `no-objection' for slump sale of soya processing, edible oil and vanaspati (other than dairy business) business of Madhya Pradesh Glychem Industries Ltd to Ruchi Soya Industries. BSE has also given its `no-objection' for merger of Anik Industries Private Ltd with Madhya Pradesh Glychem Industries Ltd. The NSE has already granted its `no objection' to the above merger schemes. The respective companies have filed the petition with the High Court for its approval to the scheme of merger. Ruchi Soya Industries Ltd, a fully integrated soya processor, has an annual turnover of Rs 3,534 crore.

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