NCLT approves Patanjali’s bid for Ruchi Soya, asks for fund source details
  • WebDesk BTVI
  • Jul 26 2019

A Mumbai bench of the NCLT approved the offer by Baba Ramdev’s Patanjali for Ruchi Soya. The tribunal, however, added that the approval is subjected to be examined after the buyer declares the sources of fund for the acquisition process. Under the resolution plan, Rs 4,235 crore has to be infused to settle creditors while the remaining Rs 115 crore will be infused in form of equity. The RP has been asked to submit final resolution plan with modifications on August 1.