Patanjali’s Rs 4,350 crore bid for Ruchi Soya gets NCLT nod https://ift.tt/2Mhm2hE - Walletnews For Me

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Thursday, July 25, 2019

Patanjali’s Rs 4,350 crore bid for Ruchi Soya gets NCLT nod https://ift.tt/2Mhm2hE

The Delhi bench of the National Company Law Tribunal (NCLT) has approved Patanjali Ayurved’s Rs 4,350-crore bid for the bankrupt edible oil maker Ruchi Soya. The tribunal said the approval is subject to the resolution professional bridging the gap in information and providing the exact source of funds for Rs 600 crore (the amount forms part of the bid) before the next hearing date on August 1.
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