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...
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...
Patanjali only suitor for Ruchi Soya as Adani opts out
Adani Wilmar Ltd, which was selected as the highest bidder for Ruchi Soya Industries Ltd, has decided to opt out of the race. Adani Wilmar, promoted by billionaire Gautam Adani, on Tuesday informed the Mumbai bench of...
Patanjali says still interested in Ruchi Soya, lead bidder Adani Wilmar raises asset concerns
Baba Ramdev’s Patanjali Ayurved is still interested in taking over bankruptcy-bound Ruchi Soya after the highest bidder Adani Wilmar wrote to resolution professional raising concerns over deterioration of asset...
Patanjali keen on buying Ruchi Soya as Adani Wilmar pulls out of deal
Patanjali Ayurved is keen to acquire Ruchi SoyaNSE 8.87 % even as successful bidder AdaniNSE 0.10 % Wilmar is withdrawing its offer to buy the stressed edible oil maker, citing “delays” in closing the resolution process...
Patanjali again seeks quashing of Adani’s Ruchi Soya bid
Patanjali Ayurved Ltd has challenged the approval of Adani Wilmar’s bid for Ruchi Soya Ltd’s acquisition, arguing that under the insolvency and bankruptcy code, relatives of a wilful defaulter can’t participate in a...
Patanjali not to back out from race to acquire Ruchi Soya: Acharya Balkrishna
Patanjali Ayurved will not back out from the race to acquire bankruptcy-bound Ruchi Soya and explore all options, including legal, to clinch the deal, its Managing Director Acharya Balkrishna said today. Adani Wilmar...
Ruchi Soya insolvency: Adani Wilmar ineligible to bid, says Patanjali
Patanjali Ayurved has raised concerns about Adani Wilmar’s eligibility to bid for Ruchi Soya, which is facing insolvency and bankruptcy proceedings. Patanjali has, in a letter to Ruchi Soya’s lenders, cited Section 29A...
Adani group highest bidder for Ruchi Soya, but Patanjali is still in race
Adani Wilmar has emerged as the highest bidder for the bankrupt edible oil manufacturer Ruchi Soya, but yoga guru Ramdev-promoted Patanjali Ayurved might still have a chance, according to media reports. Billionaire...
Ruchi Soya second-round bidding on Jun 11; Patanjali to submit revised bid
Baba Ramdev-promoted Patanjali Ayurved, which is in the race with Adani group to acquire bankruptcy-hit Ruchi Soya, is likely to submit a revised bid tomorrow as lenders of the edible oil firm have decided to hold a...
Patanjali, Godrej Agrovet in talks to tie up for Ruchi Soya bid
Baba Ramdev’s Patanjali Ayurved Ltd, which has put in a bid for Ruchi Soya Industries Ltd, is in talks with Godrej Agrovet Ltd for a potential tie-up for the bid, two people aware of the matter said. According to the...
Insolvency: Patanjali, Adani asked to submit updated bids for Ruchi Soya
Ruchi Soya’s lenders have asked Patanjali Ayurved and Adani Wilmar to submit updated bids in lieu of acquiring the stressed firm, a source confirmed the development to Business Standard. The first round of bidding...