Ruchi Soya

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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

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

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

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

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

Adani Wilmar, which emerged as the highest bidder in August last year after a long drawn battle with Patanjali, has withdrawn from the race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

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

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

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.