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    Ruchi Soya FPO oversubscribed 3.6x; SEBI allows retail investors to withdraw bids amid misleading messages

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    Ruchi Soya FPO oversubscribed 3.6x; SEBI allows retail investors to withdraw bids amid misleading messages

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    Ruchi Soya's follow on public offer (FPO) has been oversubscribed with the issue receiving bids 3.6 times of the shares on offer. However the retail book was not fully subscribed.

    Ruchi Soya's follow on public offer (FPO) has been oversubscribed with the issue receiving bids 3.6 times of the shares on offer.
    However the retail book was not fully subscribed and now SEBI is giving retail investors the option to withdraw their applications after a few misleading text messages have surfaced.
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