Patanjali Ayurved's Rs 4,350-crore bid for Ruchi Soya gets lenders nod

Patanjali's success comes after a failed attempt to acquire Ruchi Soya last year and fierce competition from one of the country's leading edible oil players - Adani Wilmar

The country's leading packaged consumer goods major, Patanjali Ayurved, won the approval to take over edible oil firm Ruchi Soya on Tuesday. The committee of creditors (CoC) of the debt-laden firm voted in favour of Patanjali Ayurved’s Rs 4,350-crore bid.
 
Patanjali Ayurved spokesperson S K Tijarawala said the Haridwar-based firm was now free to move forward to take over Ruchi Soya. "On Tuesday, the CoC voted in favour of us. A formal intimation is expected tomorrow (Wednesday)," he said. According to sources, around 96 per cent of the voters were in favour of Patanjali.
 
Ruchi Soya's leading brands