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 […]