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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...
Food

Ruchi Soya Q2 profit at Rs 16 crore

Indiaretailing Bureau -
Crisis-hit Ruchi Soya, which is facing bankruptcy proceedings, Wednesday reported a net profit of Rs 15.71 crore for the quarter ended September 30. The company posted a net loss of Rs 2,882.71 crore in the year-ago period, according to...
Food

Patanjali objects to Adani’s eligibility to bid for Ruchi Soya

IANS -
Adani's bid for Ruchi Soya, which is facing insolvency and bankruptcy proceedings, appears to have run into rough weather as Yoga guru Ramdev promoted Patanjali Ayurved has written to the Committee of Creditors (CoC) raising concerns about Adani Wilmar's...
Food

Patanjali to submit revised bid for Ruchi Soya till Jun 16

Indiaretailing Bureau -
Baba Ramdev's Patanjali Ayurved, which is in race to acquire bankruptcy-bound Ruchi Soya, has been given time till June 16 to match or better the highest bid of about Rs 6,000 crore offered by Adani Wilmar. According to a PTI...
Food

Adani group pips Patanjali to emerge highest bidder with Rs 6,000 crore offer for Ruchi Soya

Indiaretailing Bureau -
Billionaire Gautam Adani’s group company on Tuesday offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, sources with direct knowledge of the matter told PTI. According to a PTI...
Food

Patanjali raises bid around 30 pc to acquire Ruchi Soya

Indiaretailing Bureau -
Patanjali Ayurved has raised its bid to acquire Ruchi Soya and had made the revised offer to the Committee of Creditors (CoC) for the debt ridden company, sources told PTI. According to a PTI report: The latest bid is around...
Food

Patanjali, Adani Wimar present resolution offers to CoC for Ruchi Soya takeover

Indiaretailing Bureau -
Patanjali Ayurved and Adani group pitched their respective bids before the lenders of bankruptcy-hit Ruchi Soya to acquire the company. According to a PTI report: Patanjali group has emerged as the front runner with a bid of over Rs 4,000...
Food

Ruchi Soya eyes more than double capacity utilisation

Indiaretailing Bureau -
Ruchi Soya Industries said its capacity utilisation is expected to more than double this year with the Government announcing higher export sops in its mid-term review of the foreign trade policy (FTP). The Government had on December 5 raised incentive...
Food

Ruchi Soya Q3 net loss widens to Rs 216.82 from Rs 79.09 crore

Indiaretailing Bureau -
Ruchi Soya Industries' net loss widened to Rs 216.82 crore for the third quarter ended December 31 from Rs 79.09 crore in the year-ago period, mainly on account of poor sales. The firm's total income from operations declined to Rs...
Food

Ruchi Soya Patanjali tie-up for edible oils

Indiaretailing Bureau -
Ruchi Soya Industries has signed an agreement with Patanjali Ayurved for physical refining and packaging of edible oils. According to a PTI report: Under the agreement, Ruchi Soya will process and pack the crude oil provided by Patanjali Ayurved as...
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