Ruchi Soya share rises 5% after NCLT cleared Baba Ramdev led Patanjali's Rs 4350-cr bid
After a long wait, the investors of Ruchi Soya has a ray of hope, as Baba Ramdev's Patanjali received the nod of National Company Law Tribunal (NCLT) to acquire Ruchi Soya on a revised Rs 4350-crore bid.
Ruchi Soya, which owes over Rs 12,000 crore to various creditors, will be acquired by Patanjali Ayurved for Rs 4,350 crore. Image source: Reuters