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Ruchi Soya Industries has sought shareholders approval to raise up to ₹1,000 crore through the issue of equity and debt securities, the company said in a notice to the stock exchanges on Monday. The company intends to use these funds to augment its long-term resources for business purposes and has formed a three-member issue committee for the fund-raising process, it said. Shareholders’ approval will be sought at Ruchi Soya’s annual general meeting scheduled to be held on September 26. Shares of Ruchi Soya closed 1.9 per cent down at ₹41.35 on the NSE.
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