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Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business

Patanjali Foods will consider acquiring brands like Dant Kanti and Kesh Kanti of Patanjali AyurvedNew Delhi: Patanjali Foods Ltd, which is mainly into edible oils, on Friday said it will evaluate a proposal to acquire the non-food business of...

Patanjali Foods earmarks capex of up to Rs 1,500 cr in next 5 yrs: CEO Sanjeev Asthana

The company (formerly Ruchi Soya Industries) has set a target of clocking a turnover between Rs 45,000-50,000 crore in the next five years as it expands its product offerings and distribution reachNew Delhi: Patanjali Foods Ltd plans to invest...

Milk Mantra appoints Sandipan Ghosh as Chief Operating Officer

Milk Mantra has appointed accomplished food & dairy industry leader Sandipan Ghosh as Chief Operating Officer (COO). He will lead full company operations and drive scale and innovation at Milk Mantra optimising the entire process of tech enabled growth...

Patanjali to raise Rs 250 crore through debentures

Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network. According to a PTI report: This would be the first-ever issuance of debentures...

Baba Ramdev’s Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya

Baba Ramdev's Patanjali Ayurved has increased its bid value by around Rs 200 crore to Rs 4,350 crore for bankruptcy-bound Ruchi Soya, and the revised offer is likely to be considered by lenders soon.According to a PTI report: Adani...

Ruchi Soya Q2 profit at Rs 16 crore

Crisis-hit Ruchi Soya, which is facing bankruptcy proceedings, Wednesday reported a net profit of Rs 15.71 crore for the quarter ended September 30. The company posted a net loss of Rs 2,882.71 crore in the year-ago period, according to...

Nutrela announces Madhuri Dixit Nene as brand ambassador

Nutrela, the largest soya selling food brand in the country has announced Madhuri Dixit Nene as its first brand ambassador. The alliance is aimed at promoting Soya as the most ‘Dhakaad’ (powerful) as well as healthy protein meal option...

Patanjali objects to Adani’s eligibility to bid for Ruchi Soya

Adani's bid for Ruchi Soya, which is facing insolvency and bankruptcy proceedings, appears to have run into rough weather as Yoga guru Ramdev promoted Patanjali Ayurved has written to the Committee of Creditors (CoC) raising concerns about Adani Wilmar's...

Patanjali to submit revised bid for Ruchi Soya till Jun 16

Baba Ramdev's Patanjali Ayurved, which is in race to acquire bankruptcy-bound Ruchi Soya, has been given time till June 16 to match or better the highest bid of about Rs 6,000 crore offered by Adani Wilmar.According to a PTI...

Adani group pips Patanjali to emerge highest bidder with Rs 6,000 crore offer for Ruchi Soya

Billionaire Gautam Adani’s group company on Tuesday offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, sources with direct knowledge of the matter told PTI.According to a PTI...
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