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Why is SEBI unhappy with Ruchi Soya?

Finshots Daily

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Pathangeli and the Bankruptcy

The pathangeli group took control of ruji sawyer after promising to settle part dues owed to banks. The company was still listed in the public markets, meaning you could buy rucie sawyer shares on line. This was obviously a problem, considering the enormous influence patangali held in the company. Sebi has now asked patantialy to put out advertisements in national newspapers discrediting the s m s and mandated the company to offer investors a window to cancel their bid in the f b o.

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