It is also in the race to buy Ruchi Soya. Balkrishna declined to name the companies, and said Patanjali is yet to decide on possible diversifications. “Manufacturers from almost all sectors, including steel, electric vehicle, anti-radiation mobile chip, have approached us. Patanjali has made a bid of Rs4,000-4,500 crore for Ruchi Soya. Declining to reveal the bid amount, Balkrishna said Patanjali’s interest in Ruchi Soya is because of its infrastructure that Patanjali can use to ramp up production.

Source: Mint May 28, 2018 03:33 UTC