Page 4 - Ruchi Soya

Patanjali Ayurved-owned Ruchi Soya appoints Sanjeev Asthana as CEO

Asthana has done his post graduate in business management from Institute of Rural Management, Anand (IRMA) and International Trade from Indian Institute of Foreign Trade (IIFT), New Delhi

Ruchi Soya surpasses Marico in market-cap ahead of Q4 results

With the market-cap of Rs 45,592 crore, the company today surpassed packaged foods firm Marico (Rs 44,489 crore) and United Spirits (Rs 43,354 crore)

Low number of free-float pushes Ruchi Soya Industries to record high

The edible oil maker's market capitalisation is up nearly 300 times since the beginning of November last year and 70 times since its acquisition by Pantanjali Ayurved under the IBC

Patanjali's Rs 250 crore NCD subscribed within three minutes of opening

The fund-raising will be used to meet the Haridwar-based company's working capital requirements and strengthen the supply chain network

Ruchi Soya locked in 10% upper circuit; stock zooms over 105% in 12 days

In July 2019, the National Company Law Tribunal (NCLT) had cleared the Rs 4,350-crore bid by yoga- exponent Ram Dev-run Patanjali Ayurved to take over edible oil player Ruchi Soya

After acquiring Ruchi Soya, Ramdev's Patanjali aims to beat HUL in sales

Haridwar-based group has given itself a 2-year target for doing so

Balkrishna appointed Ruchi Roy CMD, Ramdev to be director on new board

Besides, Acharya Balkrishna would also be chairman and Swami Ramdev a member of the corporate social responsibility committee of the board of Ruchi Soya

SBI, other PSBs to lend Rs 4,000 cr to Patanjali for Ruchi Soya acquisition

The loan to Patanjali Ayurved comes a few weeks after CARE Ratings withdrew its rating on the firm in October

NCLAT extends deadline to implement Patanjali's Ruchi Soya bid to Dec 16

The appellate is hearing some other matters related to Ruchi Soya, which are slated to be heard on December 9

NCLAT rejects DBS Bank plea challenging Ruchi Soya resolution plan

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved around Rs 4,350-crore resolution plan on July 24, 2019

Banks baulk at Rs 4,000-cr loan to Patanjali for Ruchi Soya acquisition

Say there's no corporate guarantee offered by parent firm for the loan

Patanjali to pump in Rs 3,438 cr in Ruchi Soya to settle creditors' dues

Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt

NCLT approves Patanjali's resolution plan for debt-ridden Ruchi Soya

Ruchi Soya owes over Rs 9,345 crore to financial creditors led by SBI

NCLT approves Patanjali's revised Rs 4,350-cr bid to take over Ruchi Soya

The tribunal also asked the resolution professional to furnish the actual cost of the entre resolution process

Ruchi Soya directed to study if NCLAT's Essar order can impact their case

The tribunal observed that the NCLAT order has changed the entire outcome for all stakeholders and is like a formula with clear-cut directions on the distribution of the proceeds should be carried out

Insolvency case: NCLT reserves order on Patanjali's Ruchi Soya bid

This is the second time that the tribunal has sought details of Rs 600 crore, and asked them to file written submission on the same

Lender DBS seeks more payout from Patanjali's Rs 4325-cr bid for Ruchi Soya

DBS said it enjoys the first charge for the plant and the machinery of Ruchi Soya which owes Rs 243 crore to it through an external commercial borrowing

Ruchi Soya case: Lenders to meet on Friday to consider Patanjali's offer

Patanjali had last month increased its bid value by around Rs 200 crore to Rs 4,350 crore for bankruptcy-bound Ruchi Soya

Ruchi Soya lenders approve Adani Wilmar's Rs 60-billion resolution plan

Last week, the Competition Commission of India approved of Wilmar's resolution plan

Crisis-hit Ruchi Soya posts Q1 profit at Rs 226 bn, income dips to Rs 29 bn

Ruchi Soya has a total debt of about Rs 120 billion