RUCHI DENIES MOOTED PATANJALI MARKETING DEAL
January 1st, 2017
India’s edible oil producer Ruchi Soya Ltd has denied news reports that it has stuck a deal with Patanjali Ayurveda Ltd for marketing all of its future production under the Patanjali brand name. “It is just market speculation and we do not consider it worthy of making any official comment,” a spokesperson for Ruchi Soya, in Mumbai, told just-food.
However, traders at Bombay Stock Exchange (BSE) seem to believe the rumours, as Ruchi Soya’s share price shot up by 36% in two trading sessions following reports on January 19 in India’s financial newspaper ...
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