Ruchi Soya Industries Limited

completed

Ruchi Soya Industries Limited (RSIL, or the company) is the largest edible oil company in India engaged in refining and trading of edible oils, soybean oil extraction, and export of soybean meal. The transaction will consist of: - consolidation of the Ruchi Group (“the Group”) oilseed operations; - new refining operations at Haldia in West Bengal; - a reduction of debt; as well as - providing for long term working capital needs of RSIL. The consolidation of the Group operations is expected to cost approximately $85.80 million while the Haldia refinery is expected to cost $20 million. The transaction will be financed with the proceeds of an equity swap, issuance of equity and an IFC A Loan. The management of Ruchi Soya expect the consolidation of the Group’s edible oil assets to result in: - increased efficiencies from strategic resource allocation including rationalizing distribution networks, - ability to maximize the brand values through increased scale as the largest edible oils company in India, and - ability to capitalize on market opportunities through a more professional, focused and competitive top management team.