Ruchi Soya’s leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
Adani Wilmar, which sells cooking oil under the Fortune brand, and Baba Ramdev-led Patanjali are in the fray to acquire debt-ridden Ruchi Soya.
It is learnt that in the letter Patanjali Ayurved had raised issues under section 29 A of the Insolvency and Bankruptcy Code (IBC).
Ruchi Soya is the largest edible oil seed extraction and refining company in India, with 3.72 million tonnes of oil seed extraction capacity across…
Patanjali has also assured the lenders that it would invest extra capital required to revive the company.
If successful, Patanjali gets a firm foothold in the cooking oils business where Adani, through its partnership with Wilmar, Emami and Godrej are…
Ruchi Soya’s brand portfolio includes Nutrela, Mahakosh, Sunrich, Ruchi Gold and Ruchi Star.
The company’s debt stood at around Rs 12,000 crore at the end of last year.
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