Ruchi Soya

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Ruchi Soya - Total results - 31
Baba Ramdev-led Patanjali Ayurved's Rs 250 cr NCD issue fully subscribed within minutes of opening
Business

Baba Ramdev-led Patanjali Ayurved's Rs 250 cr NCD issue fully subscribed within minutes of opening

Baba Ramdev-led Patanjali Ayurved's Rs 250 crore debentures issue got fully subscribed within three minutes of opening on Thursday

Patanjali completes acquisition of Ruchi Soya, Dhanuka Agritech revenue up; all this and more on Moneycontrol Pro
Business

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.

NCLAT grants one more week to Patanjali Ayurved to complete Rs 4,350-cr Ruchi Soya deal
Business

NCLAT grants one more week to Patanjali Ayurved to complete Rs 4,350-cr Ruchi Soya deal

The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted another extension, of one week, to Baba Ramdev-led Patanjali Ayurved for completion of Rs 4,350-crore resolution plan to acquire debt-ridden edible oil firm Ruchi Soya

Ruchi Soya insolvency: NCLAT rejects DBS Bank's plea challenging distribution of funds
Business

Ruchi Soya insolvency: NCLAT rejects DBS Bank's plea challenging distribution of funds

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

Road sector slowdown, battery makers in tough spot; all this and more on Moneycontrol Pro
Business

Road sector slowdown, battery makers in tough spot; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations.

Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle creditors' dues, monitoring panel to oversee process
Business

Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle creditors' dues, monitoring panel to oversee process

Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt.

Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircut
Business

Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircut

The NCLT approval comes after it dismissed the petitions filed by Standard Chartered Bank and Singaporean lender DBS, which had both challenged the low bid by Patanjali and the resultant lower payout.

Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm
Business

Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm

Ruchi Soya owes Rs 9,345 crore to the lenders led by SBI who Tuesday agreed, with around 96 percent vote, to go with the second revised bid by the company promoted by Baba Ramdev

Ruchi Soya insolvency: Baba Ramdev's Patanjali bags edible oil firm as lenders approve Rs 4,325 crore bid
India

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

Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali's revised offer to acquire edible oil firm
Business

Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali's revised offer to acquire edible oil firm

Patanjali had last month increased its bid value by around Rs 200 crore to Rs 4,350 crore for bankruptcy-bound Ruchi Soya

Baba Ramdev's Patanjali Ayurved raises bid value to Rs 4,350 crore to take over bankruptcy-bound Ruchi Soya
Business

Baba Ramdev's Patanjali Ayurved raises bid value to Rs 4,350 crore to take over bankruptcy-bound Ruchi Soya

Adani Wilmar, which emerged as the highest bidder in August last year after a long drawn battle with Patanjali, has withdrawn from the race

NCLT allows Ruchi Soya management to get copy of resolution plans; says it will start regular hearing on the matter from 5 March
Business

NCLT allows Ruchi Soya management to get copy of resolution plans; says it will start regular hearing on the matter from 5 March

A resolution for Ruchi Soya, which owes about Rs 12,000 crore to the lenders, has been moving between Ram Dev's Patanjali and Adani Wilmar

Insolvency proceedings: Bidders to face jail term, penalty if they pull out from plans to take over stressed firms
Business

Insolvency proceedings: Bidders to face jail term, penalty if they pull out from plans to take over stressed firms

Apart from invoking section 74 of the Insolvency and Bankruptcy Code, which provides for a jail term, the government may impose a maximum Rs 1 crore penalty

Patanjali renews interest in Ruchi Soya takeover as Adani Wilmar raises asset concerns of edible oil firm
Business

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.

Patanjali to focus on agriculture; bring out more products from farm, food processing sector: Baba Ramdev
Business

Patanjali to focus on agriculture; bring out more products from farm, food processing sector: Baba Ramdev

Patanjali Ayurved last month entered into the cow milk segment by launching cow milk and milk-based dairy products and also has plans to launch its apparel brand 'Paridhan'.

Bankruptcy-bound Ruchi Soya's promoters sell over 1 cr shares worth 3.18% stake in open market
Business

Bankruptcy-bound Ruchi Soya's promoters sell over 1 cr shares worth 3.18% stake in open market

Ruchi Soya's promoter entity Disha Foundation Trust sold these shares on 24 August

Patanjali Ayurved moves NCLT against Ruchi Soya lenders for approving Adani Wilmar's Rs 6,000 cr bid
Business

Patanjali Ayurved moves NCLT against Ruchi Soya lenders for approving Adani Wilmar's Rs 6,000 cr bid

While Adani Wilmar emerged as the highest bidder with a Rs 6,000 crore offer, Patanjali group came second with a Rs 5,700 crore bid.

Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr resolution plan to acquire debt-ridden firm
Business

Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr resolution plan to acquire debt-ridden firm

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's lenders to meet today to consider highest bidder Adani Wilmar's Rs 6,000 cr bid
Business

Ruchi Soya's lenders to meet today to consider highest bidder Adani Wilmar's Rs 6,000 cr bid

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
Business

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