Epic Research

Monday, April 29, 2013

Epic Update : Ruchi Soya Industries

Epic Update Ruchi SoyaRuchi Soya Industries (Ruchi Soya), the leading FMCG player in India has entered into a Joint Venture (JV) with Kagome Co (Kagome), a leading tomato product company of Japan and Mitsui & Co. (Mitsui), one of the World’s largest trading, investment and services companies to revolutionize the Indian Tomato Market estimated to be producing 17 Million Tonnes per year. Ruchi Soya will have 40% stake in this JV and rest 60% will be held by a special purpose company (SPC) created by Kagome and Mitsui who own 66.7% and 33.3% share each in the SPC.

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