Patanjali acquired Ruchi Soya Industries in an insolvency auction started by lenders to recover over ₹9,300 crore loans. According to sources, lenders Tuesday approved the Patanjali's revised bid of ₹4,325 crore with around 96 per cent vote in favour. With the acquisition of Ruchi Soya, Patanjali will become a major player in soyabean oils and other products. Ruchi Soya has many manufacturing plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold. We are ready to bail out Ruchi Soya which has the biggest infrastructure for soyabean.

Source: Mint April 30, 2019 16:39 UTC