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Ruchi Soya News
Ruchi Soya share rises 5% after NCLT cleared Baba Ramdev led Patanjali's Rs 4350-cr bid
Fri, Jul 26, 2019
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.
Big boost to Baba Ramdev's business empire! NCLT clears Patanjali's Rs 4350 crore bid for Ruchi Soya - 5 points
Fri, Jul 26, 2019
Finally, Baba Ramdev's Patanjali has received the nod of National Company Law Tribunal (NCLT) to acquire Ruchi Soya on a revised Rs 4350 crore bid
Lenders approve Baba Ramdev-led Patanjali's Rs 4,325 cr bid for Ruchi Soya
Tue, Apr 30, 2019
Homegrown FMCG major almost got a walk over after rival Adani Wilmar decided to pull out from the race despite being selected the highest bidder few months back.
Baba Ramdev's Patanjali Ayurved raises bid value to take over Ruchi Soya
Wed, Mar 13, 2019
Ruchi Soya has a total debt of about Rs 12,000 crore. The debt-ridden firm has many manufacturing plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
Baba Ramdev-led Patanjali says still interested in Ruchi Soya
Tue, Dec 25, 2018
In December 2017, Indore-based Ruchi Soya Industries entered the Corporate Insolvency Resolution Process (CIRP). Shailendra Ajmera was appointed resolution professional (RP) by the NCLT on the application of creditors Standard Chartered Bank and DBS Bank under the Insolvency and Bankruptcy Code.
Ruchi Soya up 5 pc as lenders approve Adani Wilmar's Rs 6,000-cr bid
Fri, Aug 24, 2018
Adani Wilmar and Baba Ramdev's Patanjali group have been engaged in a long-drawn battle to take over Ruchi Soya.
Ruchi Soya allegedly misled lenders? Here is why banks put firm under scanner
Mon, Jun 25, 2018
Ruchi Soya, which is undergoing insolvency, where Adani Wilmar has emerged as the highest bidder, also manipulated bank documents, specially stock audit report to secure more money from banks. Banks’ documents reveal that RSIL had a large number of transactions with associated companies having massive outstanding. “Poor disclosure of material, adverse information and no qualification by the statutory auditors” led Ruchi Soya into State Bank of India’s fraud report, and called RFA.
Patanjali seeks more info on Adani Group's bid on Ruchi Soya
Tue, Jun 19, 2018
Patanjali, which has been declared as H2 (second highest bidder), has not yet submitted a revised bid to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.
Adani group emerges as highest bidder with Rs 6,000 cr offer for Ruchi Soya
Tue, Jun 12, 2018
The Committee of Creditors (CoC) of Ruchi Soya, in its meeting held today, opened the bids submitted by the two contenders -- Patanjali group and Adani Wilmar, which sells cooking oil under the Fortune brand. The CoC has decided to conduct Swiss challenge method to maximise the asset value of Ruchi Soya.
BSE, NSE put 75 stocks under surveillance; is yours one of them?
Mon, Jun 11, 2018
ABG Shipyard, Jaypee Infratech, Bhushan Steel, Amtek Auto, Ruchi Soya, Alok Industries, Viceroy Hotels, Orchid Pharma, and Mandhana Industries are some of the companies that have been included in the ASM list.
Baba Ramdev: Ruchi Soya lenders asked for rebidding
Tue, Jun 05, 2018
The lenders of Ruchi Soya have asked for rebidding between two bidders -- Patanjali Ayurved and Adani group -- to maximise value of the assets of the debt ridden firm, according to Yoga guru Baba Ramdev.
Ruchi Soya in demand! Patanjali revises bid to beat Adani group
Mon, May 28, 2018
Patanjali Ayurveda has raised its bid to acquire Ruchi Soya and had made the revised offer to the Committee of Creditors (CoC) for the debt ridden company, sources said.
Patanjali, Adani Wimar present resolution offers for Ruchi Soya takeover
Wed, May 23, 2018
Patanjali Ayurveda and Adani group today pitched their respective bids before the lenders of bankruptcy-hit Ruchi Soya to acquire the company. Patanjali group has emerged as the front runner with a bid of over Rs 4,000 crore to acquire Ruchi Soya.
Ruchi Soya jumps 20% after Ramdev-owned Patanjali Ayurved makes highest bid
Mon, May 07, 2018
Ramdev-owned Patanjali Ayurved has made a bid of Rs 4,000-4,500 crore for Ruchi Soya, beating Adani Wilmar, Godrej Agrovet and Emami’s offers, reported TOI, quoting sources.
Ruchi Soya jumps 14% on signing pact with Patanjali; eyes Rs 20,000 crore sales by 2020
Thu, Sep 28, 2017
Ruchi Soya will manufacture, sell and distribute entire Patanjali's edible oil products across India. The company is expected to be concluded by earlier this year.