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RUCHI SOYA INSOLVANCY
Ruchi Soya shareholders approve appointment of Baba Ram Dev, Acharya Balkrishna on boardThe board of directors, at its meeting held on August 19, appointed Ram Bharat as managing director of the company with effect from August ...- Ruchi Soya shareholders approve appointment of Baba Ram Dev, Acharya Balkrishna on boardIn a regulatory filing, Ruchi Soya, which sells soya products under Nutrela brand, said the shareholders have approved all resolutions at t...
- Baba Ramdev on board of Ruchi Soya, brother Ram Bharat to be MDLast year, Ramdev's Patanjali Ayurved paid Rs 4,350 crore to take over Ruchi Soya. The acquisition helped Patanjali acquire edible oil plan...
- Patanjali secures Rs 3,200 crore loan from banks to buy Ruchi Soya"The company has already secured required total debt from a consortium of banks led by State Bank of India," Patanjali Ayurved Managing Dir...
- NCLAT extends deadline to December 16 for implementation of Patanjali's bid for Ruchi SoyaNCLT had admitted the insolvency plea filed by two lead financial creditors Standard Chartered Bank and DBS Bank. However, later the Singap...
- Patanjali to infuse Rs 3,438 crore in Ruchi Soya to settle duesPatanjali will infuse over Rs 3,438 cr as equity and debt to settle dues of creditors of the debt-laden firm.
- Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali's revised offerRuchi Soya has a total debt of about Rs 12,000 crore. The debt-ridden firm has many manufacturing plants and its leading brands include Nut...
- Baba Ramdev's Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya"We have revised our bid to Rs 4,350 crore from earlier offer of Rs 4,160 crore", Patanjali spokesperson S K Tijarawala said.
- Patanjali says still interested in Ruchi Soya, lead bidder Adani Wilmar raises asset concernsIn December 2017, Indore-based Ruchi Soya Industries entered the Corporate Insolvency Resolution Process (CIRP).
- Ruchi Soya's promoters sell 3.18% stake in open marketRuchi Soya's promoter entity Disha Foundation Trust sold these shares on August 24.
- Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 crore bidAdani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi...
- CCI gives nod to Adani Wilmar's acquisition of Ruchi SoyaMergers and acquisitions beyond a certain threshold require the approval of the Competition Commission of India (CCI).
- Patanjali not to back out from race to acquire Ruchi Soya: Acharya BalkrishnaIn December 2017, Ruchi Soya Industries entered into the Corporate Insolvency Resolution Process (CIRP) and Shailendra Ajmera was appointed...
- Ruchi Soya's RP seeks 8-10 days to reply on issues raised by PatanjaliPatanjali flagged concerns over Adani group's eligibility to participate in the bidding process under Section 29 A of the Insolvency and Ba...
- Patanjali gets time till Jun 16 to submit revised bid for Ruchi SoyaRuchi Soya in a regulatory filing today confirmed that the CoC declared Adani Wilmar as H1 (highest) bidder and Patanjali stood as H2 (seco...
- Adani group emerges as highest bidder with Rs 6,000 cr offer for Ruchi SoyaThe Committee of Creditors (CoC) of Ruchi Soya, in its meeting held today, opened the bids submitted by the two contenders -- Patanjali gro...
- Patanjali, Adani submit revised bids to acquire Ruchi SoyaCommittee of Creditors of Ruchi Soya, which has decided to conduct Swiss challenge method to maximise the asset value of the bankruptcy-hit...
- Patanjali sweetens bid for Ruchi SoyaThe latest bid is around 30 per cent higher than that of the Adani group, which is also in the race to acquire the company with its offer o...
- Patanjali, Adani Wimar present resolution offers to CoC for Ruchi Soya takeoverPatanjali group has emerged as the front runner with a bid of over Rs 4,000 crore to acquire Ruchi Soya.
- Godrej, Patanjali among 4 FMCG giants for Ruchi SoyaIf successful, Patanjali gets a firm foothold in the cooking oils business where Adani, through its partnership with Wilmar, Emami and Godr...
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