Patanjali Ayurveda has approached state-run banks to help fund its Rs 4,350 crore acquisition of Ruchi Soya Industries NSE 1.96 %, said people with knowledge of the matter. The company is looking to raise debt with a...
Avendus fund acquires stake in Bikaji Foods
Avendus Future Leaders Fund-I (FLF) on Monday said it has bought a minority stake in snack maker Bikaji Foods International Ltd from two existing investors. The company did not disclose the financial details of the...
DBS wants a higher share in Patanjali’s offer to settle Ruchi Soya dues
DBS Bank has told the NCLT on Tuesday that it wants a higher share in the amount that Patanjali is offering to settle banks’ dues for the distressed Ruchi SoyaNSE -5.00 %. The bank has said that it has an exclusive...
Patanjali moves closer to acquisition of Ruchi Soya
Patanjali Ayurved’s proposed acquisition of Ruchi SoyaNSE 6.25 % has reached the final stages with the Committee of Creditors (CoC) meeting on Tuesday to clear the proposed deal, two officials directly aware of the...
Baba Ramdev’s Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya
Baba Ramdev’s Patanjali Ayurved has increased its bid value by around Rs 200 crore to Rs 4,350 crore for bankruptcy-bound Ruchi Soya, and the revised offer is likely to be considered by lenders soon. Adani Wilmar...
Ferrero still in race for Arnott’s cookies, bids by March 20 – report
Italian confectioner Ferrero and two other bidders are left in the race to buy Arnott’s biscuits and other international assets put on sale by Campbell Soup, the Australian Financial Review reported. The newspaper also...
PepsiCo divests West and South bottling franchise to Varun Beverages
Beverage maker PepsiCo and its long-standing franchise bottling partner RJ Corp-owned Varun Beverages on Monday said the latter has acquired PepsiCo’s bottling business in the South and West India for an undisclosed...
KKR in advanced talks to put Rs 2,000 crore in Emami
US private equity firm KKR is in advanced negotiations to invest as much as Rs 2,000 crore in the EmamiNSE 1.26 % Group through a structured credit deal, said people with knowledge of the matter. Emami is seeking to...
Nestle set to sell first Starbucks coffee under $7.15 billion deal
Nestle will sell Starbucks-branded coffee at grocery stores and online in Europe, Asia and Latin America from this month as it seeks to increase its lead over rivals such as JAB. After last year’s $7.15 billion cash...
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos...
Patanjali moves NCLT for considering Ruchi Soya offer
Patanjali Ayurveda has moved the National Company Law Tribunal (NCLT) with a plea to direct lenders of stressed Ruchi SoyaNSE -0.73 % to consider its offer since Adani Wilmar has expressed in writing its wish to...
GSKCH gets Competition Commission approval for Hindustan Unilever merger
Fair trade regulator Competition Commission of India on Friday approved the merger between GSK Consumer NSE 0.20 % Healthcare (GSKCH) and Hindustan UnileverNSE 0.41 %. “We would like to inform you that the CCI has, vide...
