date:May 30, 2016
in the company for $3m.
In 2014, Vinamilk acquired a 70% stake in the company, which produces dairy products and fruit juices.
Ruchi Soya Industries has divested its entire stake in Ruchi Kagome Foods India, a joint venture company established in 2013 with Kagome.
The largest edible oil manufacturer in India, Ruchi Soya sold the stake in the tomato puree, sauces and ketchup business for Rs630m ($9.32m).
The company has also entered a termination and share purchase agreement with Kagome an