NEW DELHI : Patanjali Ayurved Ltd on Friday said it expects to close the current financial year with a combined turnover of ₹25,000 crore, after it acquired bankrupt Ruchi Soya late last year. In December 2019, Patanjali spent ₹4,350 crore to take over the debt-laden Ruchi Soya through the insolvency process—its maiden acquisition in the consumer goods space. “We will go for Ruchi Soya’s share sale in the next two years in accordance with the regulations." BSE-listed Ruchi Soya sells popular cooking oil brands such as Mahakosh Soyabean oil, Ruchi Gold Palmolein and Sunrich sunflower oil and packaged Soya brand Nutrela. New products will include premium Oil Nutrela Gold, Nutrela Honey and Nutrela Protein Atta.

Source: Mint January 24, 2020 17:48 UTC