Ruchi Soya will be Renamed
Ruchi Soya will be renamed Patanjali Foods as it acquires the food retail businesses of the parent company Patanjali Ayurved.
The company held a board meeting to seek the approval of its directors for the transfer. the company said exchanges on May 18.
Ruchi Soya Renamed- Board Meeting
Ruchi Soya Renamed- Board of Directors
The board of directors have approved the Business Transfer Agreement (BTA) with Patanjali Ayurved Limited (PAL).
Consists of packaging, labelling, manufacturing & retail trading of certain food products with manufacturing plants.
Ruchi Soya Renamed- Manufacturing
Ruchi Soya Renamed- Approval of Shareholder
a going concern on a slump sale basis subject to the approval of shareholders and other authorities as may be required.
Patanjali Ayurved acquired Ruchi Soya under the Insolvency and Bankruptcy Code proceedings in 2019 for Rs 4,350 crore.
Ruchi Soya Renamed- Acquired
Ruchi Soya will be Renamed- FPO Details
The company earlier this year floated follow on public offer (FPO) of Ruchi Soya to raise Rs 4,300 crore.
Patanjali Ayurved had disclosed plans to transfer all food business to Ruchi Soya before floating its FPO.
Ruchi Soya Renamed- Patanjali Ayurved
Ruchi Soya Renamed
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