Ruchi Soya: Patanjali gets time till May 7 for filing resolution plan
Updated : May 02, 2019 08:25 AM IST
The company owes Rs 9,345 crore to the lenders led by SBI who SBI, Ramdev on Tuesday agreed, with around 96 percent vote, to go with the second revised bid by the company promoted by yoga practitioner Ramdev.
Its initial offer was Rs 4,160 crore along with a Rs 1,700 crore working capital. The deal leaves the banks with a huge haircut of over 51 percent of the debt.
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