Ruchi Soya insolvency: Baba Ramdev's Patanjali bags edible oil firm as lenders approve Rs 4,325 crore bid
Patanjali acquired Ruchi Soya Industries in an insolvency auction started by lenders to recover over Rs 9,300 crore loans
Patanjali renews interest in Ruchi Soya takeover as Adani Wilmar raises asset concerns of edible oil firm
Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya's lenders to approve Adani Wilmar's Rs 6,000 crore takeover bid.
Adani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi Soya.
Ruchi Soya, which is facing insolvency proceedings, has a total debt of about Rs 12,000 crore.
Ruchi Soya insolvency: Patanjali won't back out from race to acquire debt-laden company, says Acharya Balkrishna
Adani Wilmar, which sells cooking oil under the Fortune brand, and Baba Ramdev-led Patanjali are in the fray to acquire debt-ridden Ruchi Soya