Mon, Jun 12, 2023
Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process.
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Mon, Feb 06, 2023
Buying is back in Patanjali Foods after falling 20% in a month. Company's income grew 26% in December quarter. Management expects further margin improvement. Know full details from Nupur.
Fri, Sep 02, 2022
Shares of Patanjali Foods, formerly known as Ruchi Soya Industries, surged five per cent to hit fresh 52-week high value of Rs 1266.75 per share in BSE intraday trade on Friday.
Fri, Jul 26, 2019
Finally, Baba Ramdev's Patanjali has received the nod of National Company Law Tribunal (NCLT) to acquire Ruchi Soya on a revised Rs 4350 crore bid
Tue, Apr 30, 2019
Homegrown FMCG major almost got a walk over after rival Adani Wilmar decided to pull out from the race despite being selected the highest bidder few months back.
Wed, Mar 13, 2019
Ruchi Soya has a total debt of about Rs 12,000 crore. The debt-ridden firm has many manufacturing plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
Tue, Dec 25, 2018
In December 2017, Indore-based Ruchi Soya Industries entered the Corporate Insolvency Resolution Process (CIRP). Shailendra Ajmera was appointed resolution professional (RP) by the NCLT on the application of creditors Standard Chartered Bank and DBS Bank under the Insolvency and Bankruptcy Code.
Fri, Aug 24, 2018
Adani Wilmar and Baba Ramdev's Patanjali group have been engaged in a long-drawn battle to take over Ruchi Soya.
Mon, Jun 25, 2018
Ruchi Soya, which is undergoing insolvency, where Adani Wilmar has emerged as the highest bidder, also manipulated bank documents, specially stock audit report to secure more money from banks. Banks’ documents reveal that RSIL had a large number of transactions with associated companies having massive outstanding. “Poor disclosure of material, adverse information and no qualification by the statutory auditors” led Ruchi Soya into State Bank of India’s fraud report, and called RFA.
Tue, Jun 19, 2018
Patanjali, which has been declared as H2 (second highest bidder), has not yet submitted a revised bid to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.
Tue, Jun 12, 2018
The Committee of Creditors (CoC) of Ruchi Soya, in its meeting held today, opened the bids submitted by the two contenders -- Patanjali group and Adani Wilmar, which sells cooking oil under the Fortune brand. The CoC has decided to conduct Swiss challenge method to maximise the asset value of Ruchi Soya.
Mon, Jun 11, 2018
ABG Shipyard, Jaypee Infratech, Bhushan Steel, Amtek Auto, Ruchi Soya, Alok Industries, Viceroy Hotels, Orchid Pharma, and Mandhana Industries are some of the companies that have been included in the ASM list.
Tue, Jun 05, 2018
The lenders of Ruchi Soya have asked for rebidding between two bidders -- Patanjali Ayurved and Adani group -- to maximise value of the assets of the debt ridden firm, according to Yoga guru Baba Ramdev.
Mon, May 28, 2018
Patanjali Ayurveda 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 said.
Wed, May 23, 2018
Patanjali Ayurveda and Adani group today pitched their respective bids before the lenders of bankruptcy-hit Ruchi Soya to acquire the company. Patanjali group has emerged as the front runner with a bid of over Rs 4,000 crore to acquire Ruchi Soya.
Mon, May 07, 2018
Ramdev-owned Patanjali Ayurved has made a bid of Rs 4,000-4,500 crore for Ruchi Soya, beating Adani Wilmar, Godrej Agrovet and Emami’s offers, reported TOI, quoting sources.
Thu, Sep 28, 2017
Ruchi Soya will manufacture, sell and distribute entire Patanjali's edible oil products across India. The company is expected to be concluded by earlier this year.
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