Ruchi Soya Turns into ‘Debt-Free’, Firm Repays Loans of Rs 2,925 Crore After FPO Acquire

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In 2019, Patanjali had acquired Ruchi Soya for Rs 4,350 crore via an insolvency course of.

Baba Ramdev’s Patanjali Ayurvedled Ruchi Soya has just lately raised Rs 4,300 crore via its followon public provide, and the a part of the proceeds has been utilised to repay the debt.

  • PTI
  • Final Up to date:April 09, 2022, 13:22 IST
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Edible oil main Ruchi Soya on Friday mentioned it has repaid Rs 2,925 crore loans to banks and has develop into a debt-free firm. Baba Ramdev’s Patanjali Ayurved-led Ruchi Soya has just lately raised Rs 4,300 crore via its follow-on public provide, and the a part of the proceeds has been utilised to repay the debt.

Acharya Balkrishna, MD of Patanjali Ayurved Ltd, tweeted that Ruchi Soya has develop into debt-free. In its draft purple herring prospectus, the corporate had talked about that it could repay mortgage of round Rs 1,950 crore to the lenders, an organization spokesperson mentioned.

Nonetheless, the corporate has determined to repay your entire debt quantity of Rs 2,925 crore to its lenders. The cash was paid to a consortium of financial institution led by State Financial institution of India. The opposite banks within the consortium are Punjab Nationwide Financial institution, Union Financial institution of India, Syndicate Financial institution and Allahabad Financial institution.

In 2019, Patanjali had acquired Ruchi Soya for Rs 4,350 crore via an insolvency course of.

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