Insolvency process: What makes debt-ridden Ruchi Soya a prized asset

At the heart of the bidding war is the firm's edible oil refining capacity

In the last few weeks, the fight for Ruchi Soya, admitted to the Corporate Insolvency Resolution Process by lenders, has got aggressive. In the spotlight are Baba-Ramdev-cofounded Patanjali Ayurved and Adani Wilmar, part of the Adani group, who are fighting tooth and nail for the Indore-based firm.

The action comes after the two players were recently declared H1 (Adani Wilmar) and H2 (Patanjali) bidders for Ruchi Soya in a meeting by the Committee of Creditors. Adani Wilmar, which markets the Fortune brand of edible oils, had submitted a bid of Rs 54.74 billion for Ruchi Soya, of which Rs 43 billion