Ruchi Soya

Sunday, Jun 20, 2021 | Last Update : 03:46 PM IST

Section 30(2)(b)(ii) says that a dissenting financial creditor shall get payment as per order of priority as specified in section 53(1) of IBC.

NCLAT rejects DBS Bank's plea challenging distribution of funds from Ruchi Soya

The Mumbai bench of the NCLT has approved around Rs 4,350-crore resolution plan on July 24, 2019.

20 Nov 2019 2:31 PM

Out of the Rs 4,350 crore offered by Patanjali group, Rs 4,235 crore would be utilised to pay creditors. (Photo: PTI)

Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle dues

Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore.

09 Sep 2019 9:39 AM

Patanjali group came second with around Rs 5,700 crore bid, including the infusion of about Rs 1,700 crore in the edible oil company.

Baba Ramdev's Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya

The Committee of Creditors (CoC) could meet next week to consider the revised offer of Patanjali.

14 Mar 2019 8:56 AM

Patanjali has written to the commitee of creditors (CoC) that it would match the offer.

Patanjali stays interested in Ruchi Soya

Adani Wilmar's concern over deteriorating asset quality of edible oil firm will help Ramdev's company to express its wish.

25 Dec 2018 11:09 AM

Baba Ramdev-led Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya's lenders to approve Adani Wilmar's Rs 6,000 crore takeover bid.

Patanjali moves NCLT against Ruchi Soya approving Adani Wilmar bid

The matter is expected to come up for hearing on Monday.

24 Aug 2018 6:24 PM

Shares of Ruchi Soya on Friday hit its five per upper circuit limit on the bourses after lenders of the company approved the Rs 6,000 crore bid of Adani Wilmar to acquire the debt-ridden edible oil firm.

Ruchi Soya up 5 pc as lenders approve Adani Wilmar's Rs 6,000-cr bid

Adani Wilmar's bid was approved by the committee of creditors (CoC) with about 96 per cent votes in its favour.

24 Aug 2018 12:27 PM

Adani has emerged as the highest bidder (H1) with an offer of about Rs 6,000 crore, while Patanjali’s bid was worth around Rs 5,700 crore. (Photo: PTI/File)

Patanjali says won’t back out from race to acquire Ruchi Soya

Patanjali was asked to submit a revised bid by June 16 to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.

11 Jul 2018 8:57 AM

Billionaire Gautam Adani's group company on Tuesday offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, sources with direct knowledge of the matter said.

Adani group emerges as highest bidder to acquire Ruchi Soya

Patanjali Ayurved, the only other qualified player in the race, has bid for around Rs 5,700 crore.

12 Jun 2018 6:55 PM

Baba Ramdev-promoted Patanjali Ayurved, which is in the race with Adani group to acquire bankruptcy-hit Ruchi Soya, is likely to submit a revised bid tomorrow as lenders of the edible oil firm have decided to hold a fresh round of resolution process between the two contenders to maximise asset value.

Patanjali to submit revised bid tomorrow to acquire Ruchi Soya

Patanjali group has submitted its undertaking of having no objection to the 'Swiss Challenge' process adopted by the lenders.

10 Jun 2018 5:55 PM

Ruchi Soya lenders asked for rebidding, says Baba Ramdev

The lenders of Ruchi Soya have asked for rebidding between two bidders -- Patanjali Ayurved and Adani group.

04 Jun 2018 9:18 PM

Godrej Agrovet MD B.S. Yadav added, “We are currently new to this business. For now, we will use the five southern states as our testing grounds before venturing out to the rest of the country.”

Creamline’s vizag unit to start by FY19

On company’s expansion plans, Mr Singh said, “We will go to other markets but not in the coming 2-3 years.”

17 May 2018 12:55 AM

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Ranjona Banerji