ruchi soya to be renamed patanjali foods company board approves stock surges
Ruchi Soya, one of India’s leading soybean product manufacturers, is all set to be renamed as Patanjali Foods Limited. The company’s board recently approved this decision, which has sent the stock prices soaring. Patanjali Ayurved, a well-known Indian consumer goods company, acquired Ruchi Soya in 2019. This acquisition was aimed at expanding Patanjali’s product portfolio and increasing its market share in the food and beverage industry. With the renaming of Ruchi Soya as Patanjali Foods Limited, the company aims…