Ruchi Soya

Food

Baba Ram Dev, Acharya Balkrishna appointed to Ruchi Soya board

Indiaretailing Bureau -
Patanjali Ayurved group firm Ruchi Soya Industries Ltd's shareholders have approved the appointment of Yoga guru Swami Ram Dev, his younger brother Ram Bharat and close aide Acharya Balkrishna on the company's board. In a regulatory filing, Ruchi Soya, which sells soya...
Food

Ruchi Soya to launch FPO next year, says Swami Ramdev

Indiaretailing Bureau -
Edible oil firm Ruchi Soya, which is owned by Patanjali Ayurved, will launch a follow-on public offer (FPO) next year to bring down promoters' shareholding in the company, said Swami Ramdev. According to a PTI report: Patanjali Group has run...
Food

Ruchi Soya appoints Sanjeev Asthana as CEO

Indiaretailing Bureau -
Ruchi Soya Industries, which is owned by Baba Ramdev-led Patanjali Ayurved, has appointed Sanjeev Asthana as its CEO. According to a PTI report: Sanjeev Asthana has joined as Chief Executive Officer of the company with effect from July 6, 2020,...
Food

FMCG companies stepping up production under eased norms but labour, supply chain issues impede

Indiaretailing Bureau -
Major FMCG players are trying to maximise production with the easing of regulations on opening of factories outside municipal limits by the government from Monday in the extended phase of lockdown despite continued constraints of manpower availability and supply...
Food

Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for Rs 4,350 cr

Indiaretailing Bureau -
Yoga guru Baba Ramdev's Patanjali Ayurved on Wednesday made its first big acquisition when it paid Rs 4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition will help Patanjali acquire edible...
Food

Patanjali secures Rs 3,200 crore loan from banks to buy Ruchi Soya

Indiaretailing Bureau -
Baba Ramdev-led Patanjali Ayurved on Friday said it has already tied up loan worth Rs 3,200 crore from a consortium of lenders led by State Bank of India to fund its acquisition of Ruchi Soya through insolvency process. According to...
Food

Patanjali to infuse Rs 3,438 crore in Ruchi Soya to settle dues

Indiaretailing Bureau -
Baba Ramdev-led Patanjali Ayurved, which got the NCLT approval last week to acquire Ruchi Soya in an insolvency process, will infuse over Rs 3,438 crore as equity and debt to settle dues of creditors of the debt-laden firm. According to...
Food

Patanjali gets control of Ruchi Soya for Rs 4,350 crore

Indiaretailing Bureau -
After a protracted battle, the NCLT Thursday finally cleared the Rs 4,350 crore bid by yoga- exponent Ramdev-run Patanjali Ayurved to take over edible oil player Ruchi Soya, which owes over Rs 9,345 crore to the lenders & around...
Food

Lenders approve Patanjali’s Rs 4,325 cr bid for Ruchi Soya

Indiaretailing Bureau -
In its first major acquisition, Yoga guru Baba Ramdev-led Patanjali Ayurved walked away with debt-ridden edible oil firm Ruchi Soya with a bid of Rs 4,325 crore, sources told PTI. According to a PTI report: Patanjali acquired Ruchi Soya Industries...
Food

Baba Ramdev’s Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya

Indiaretailing Bureau -
Baba Ramdev's Patanjali Ayurved has increased its bid value by around Rs 200 crore to Rs 4,350 crore for bankruptcy-bound Ruchi Soya, and the revised offer is likely to be considered by lenders soon. According to a PTI report: Adani...
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