Ruchi Soya's 690 Crores Deal to Aquire Patanjali Foods
Ruchi Soya Industries on Wednesday announced it will acquire Patanjali Ayurved’s food retail business for Rs 690 crore.
The acquired business comprises of 21 major products namely ghee, honey, spices, juices and atta, etc.
The annual turnover of Patanjali Ayurveda stood at Rs 10,605 crore according to the company.
As stated by Ruchi Soya at the time filing at BSE, the deal is done as a going concern on a slump sale basis
The amount for the acquisition is ₹690 crore and the indicative time period for transaction completion is July 15, 2022.