Patanjali’s Ruchi Soya to launch follow-on offering next year: Swami Ramdev
NEW DELHI: Edible oil firm Ruchi Soya, which is owned by Patanjali Ayurved, will launch a follow-on public offer (FPO) next year to bring down promoters’ shareholding in the company, said Swami Ramdev. Patanjali Group has run Ruchi Soya efficiently after the acquisition last year, he said,and expected higher growth during the current fiscal year. […]
Patanjali to infuse Rs 3,438 crore in Ruchi Soya to settle dues
NEW DELHI: Baba Ramdev-led Patanjali Ayurved, which got the NCLT approval last week to acquire Ruchi Soya in an insolvency process, will infuse over Rs 3,438 crore as equity and debt to settle dues of creditors of the debt-laden firm. Ruchi Soya informed the exchanges that the National Company Law Tribunal (NCLT), Mumbai in its […]
NCLT approves Patanjali’s resolution plan for debt-ridden Ruchi Soya
NEW DELHI: The National Company Law Tribunal has approved the resolution plan submitted by Yoga guru Ramdev-led Patanjali for the debt-ridden Ruchi Soya. A two-member Mumbai NCLT bench, comprising Rajesh Sharma and V P Singh, approved the resolution plan after observing that all eventuality has been discussed by it. “It is also to be clarified […]
Mother Dairy won’t cut prices despite Patanjali’s cheaper cow milk
NEW DELHI: Unfazed by the introduction of cheaper packaged cow milk by new entrant Patanjali group, market leader Mother Dairy Monday said the company will not reduce prices to match competition. Mother Dairy, which sells around 7 lakh litres of cow milk per day largely in Delhi-NCR market, also expressed confidence that its sales volume […]
Patanjali enters cow milk business; eyes Rs 1,000 crore sales next fiscal
NEW DELHI: Baba Ramdev’s Patanjali Ayurved on Thursday announced its entry into the cow milk segment by launching cow milk and milk-based dairy products, targeting sales of around Rs 1,000 crore by FY2020. The Haridwar-based firm has also ventured into packaged drinking water, frozen vegetables, cattle feed without any urea, and solar panels in a […]