Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Patanjali to acquire Nutrela owner Ruchi Soya for ₹4,350 crore
short by Krishna Veera Vanamali / on Thursday, 25 July, 2019
The National Company Law Tribunal (NCLT) on Thursday approved Patanjali Ayurved's revised ₹4,350-crore bid to take over edible oil maker Ruchi Soya, which owed creditors over ₹12,100 crore. Ruchi Soya's leading brands include Nutrela, Sunrich and Ruchi Gold. The tribunal, however, sought clarity on the source of funds worth ₹600 crore which was part of the bid amount.
read more at Livemint