Ruchi Soya lenders approve Patanjali Ayurveda's takeover bid
Updated : May 01, 2019 07:29 AM IST
Over 95 percent of the lenders to Ruchi Soya voted in favour of Patanjali Ayurveda's resolution plan to take over the company, said sources.
Patanjali Ayurveda has offered Rs 4,325 crores to acquire the country's largest edible oil maker, said the banking sources.
Ruchi Soya has a total debt of about Rs 10,000 crore.