Patanjali completes acquisition of Ruchi Soya, Dhanuka Agritech revenue up; all this and more on Moneycontrol Pro
Baba Ramdev’s Patanjali group has completed its acquisition of Ruchi Soya via the corporate insolvency process.
Ramdev and Acharya Balkrishna joining the board of Ruchi is a sign that they intend to play a hands-on role in Ruchi Soya
Safari Industries has so far succeeded in keeping its head above water amidst the significant slowdown in consumption
Dhanuka Agritech reported healthy revenues growth in the September quarter but margins remained under pressure
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Seven things you should know about Patanjali’s acquisition of Ruchi Soya
Baba Ramdev’s Patanjali group has completed its acquisition of Ruchi Soya via the corporate insolvency process. This marks the formal entry of the Patanjali group into the listed FMCG space. Ramdev and Acharya Balkrishna joining the board of Ruchi is a sign that they intend to play a hands-on role in Ruchi Soya. What might the future look like? Read more.
Why investors should consider Safari Industries?
Safari Industries has so far succeeded in keeping its head above water amidst the significant slowdown in consumption and the strong show in the September quarter, in sharp contrast to larger competitor VIP, stands testimony to its resilience. But is it a blip or a trend? Will the future be promising enough to warrant buying an expensive stock? Read more.
Dhanuka Agritech: Is this agri stock worth considering?
Dhanuka Agritech reported healthy revenues growth in the September quarter but margins remained under pressure owing to higher raw material cost and limited ability to take price hikes. Adequate reservoir levels and a strong Rabi harvest augur well for the firm in the second half of this fiscal year. What should investors do? Read more.
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Haridwar-based Patanjali group had emerged as the front runner with a bid of over Rs 4,000 crore to acquire Ruchi Soya.
Adani Wilmer secures Rs 4,000 credit line from Standard Chartered, DBS Bank for Ruchi Soya acquisition
Patanjali, which was declared as the second-highest bidder (H2), did not submit a revised bid to match or better the highest offer, tabled by Adani Wilmar
The National Company Law Appellate Tribunal(NCLAT) has dismissed the plea of Singapore-based DBS Bank, a dissenting financial creditor of Ruchi Soya, challenging the distribution of proceeds from the bid submitted by Patanjali Ayurved