Patanjali, Adani Wimar present resolution offers to CoC for Ruchi Soya takeover

Patanjali Ayurveda and Adani group today pitched their respective bids before the lenders of bankruptcy-hit Ruchi Soya to acquire the company.

Patanjali group has emerged as the front runner with a bid of over Rs 4,000 crore to acquire Ruchi Soya.

A meeting of committee of creditors (CoC) was held today where both Patanjali and Adani group firm Adani Wimar gave their presentations about their resolution offers and strategies to run the debt-ridden company, sources said.

The CoC will meet soon to finalise the bids, they added.

When contacted, Patanjali spokesperson SK Tijarawala said, "We were called in the meeting. We have made a presentation."