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What Ruchi Soya Brings To Baba Ramdev’s Patanjali
How Patanjali plans to raise funds for Ruchi Soya buyout, what it gets and more...
08 May 2019, 10:08 PM IST
Patanjali Ayurved Ltd. is set to become one of India’s largest edible oil makers as its bid was approved by lenders to insolvent Ruchi Soya Ltd.The Yoga guru Baba Ramdev-backed company will pay Rs 4,325 crore to the lenders after Adani Wilmar Ltd., the maker of Fortune cooking oil, withdrew from the resolution process citing deterioration of Ruchi Soya’s assets due to “significant delays”.The Funding PlanPatanjali has created a speci...
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