This podcast revolves around how a circulated message that Baba Ramdev and his associates at Ruchi Soya have denied having any involvement has led to Ruchi Soya FPO dates to be extended till 30th March. In fact, they have communicated to SEBI that Patanjali had already registered an FIR during the Ruchi Soya FPO days.
Well, SEBI did its job, and pretty timely this time, when it asked Patanjali owned Ruchi Soya FPO withdrawal dates to be extended. This seemed to be an alright procedure on paper however wasn't well executed.
Ruchi Soya FPO is not for the first time that Baba Ramdev and Patanjali's involvements can be accused or speculated. And this time, under the leadership of Madhabi Puri Buch SEBI has taken a serious step that is also highly investor-friendly.
In this episode, Aseem will explain as clearly as possible what happened in the latest trouble for investors of Ruchi Soya FPO and how SEBI, Patanjali, Baba Ramdev as well as Exchanges reacted, handled or mishandled the situation.
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