Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 7, 2017

India’s Ruchi Soya eyes corporate revamp

Ruchi Soya is to look at plans to restructure the business in a bid to "unlock the value" of the Indian edible oil and soy foods supplier, its managing director has said.

By Dean Best

Ruchi Soya is to look at plans to restructure the business in a bid to “unlock the value” of the Indian edible oil and soy foods supplier, its managing director has said.

The company is to explore options including de-merging its business units into separate entities.

Dinesh Shahra, Ruchi Soya’s MD, said a move could help the group “successfully overcome the issues that have developed over a period of time, largely due to macro-economic conditions much beyond the control of the company”.

Shahra said: “The unlocking of value through this restructuring will help come up with a timely and effective solution to resolve our outstanding issues benefitting all our stakeholders including banks and financial institutions.

“The primary of undertaking this exercise is to unlock the value of our diverse businesses. This process would allow the management to focus on the respective businesses with flexibility in fundraising for future growth and expansion. Each business would be free to explore opportunities for strategic partnerships and investors. We believe that this will enhance value for our stakeholders while providing fresh momentum for growth.”

As well soy foods and edible oil, Ruchi Soya has also moved into renewable energy.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
VEGA level and pressure instrumentation for the food industry

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU