"We have written a letters on June 10th and 11th regarding Ruchi Soya to CoC and we have not received any reply so far," Patanjali spokesperson SK Tijawarala told IANS.
Indian markets gave up early gains on Wednesday but managed to end higher for the third straight session, the rally was primarily driven by I.T and healthcare stocks.
Patanjali which is in race to acquire Ruchi Soya, has been given time till Jun 16 to match or better the highest bid of about Rs 6,000 cr offered by Adani Wilmar.
Shares of Ruchi Soya surged 5% amid reports that Gautam Adani's group company has offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of the bankruptcy-hit edible oil firm.
Adani Wilmar company offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya.
FMCG firm Patanjali Ayurveda has put in bid of over Rs 4,000 crore to acquire bankruptcy-hit edible oil firm Ruchi Soya, according to sources.
Shares of edible oil firm Ruchi Soya Industries surged 7 per cent today as the race to acquire the debt-laden firm heats up.
Debt-ridden Ruchi Soya Industries said negotiations are at a nascent stage to sell off its business under the National Company Law Tribunal (NCLT) process.
Mulls 1:1 Bonus Share Issue
CITY UNION BANK
To Issue 1:10 Bonus Shares; Record Date At July 11
Approved Bonus Issue Of 1:2; Record Date At June 27
Arm Buys Under-Construction Asset For Rs 234 Cr In Indore At Auction
Brownfield Acquisition To Add Approx. 1.1 Mn Sq. Ft. To Co's Retail Portfolio
Co In Pact To Buy 95% Of Climate Tech Pty, Australia
Deal Size Stands At Rs 201-211 Cr In Valuation
JLR Investor Presentation:
Have Exciting Products, Plans In The Pipeline To Generate Sustainable Growth
Aiming For A 4-7% EBIT Margin Over Medium Term, Will Invest 4.5 Bn GBP In FY19-21
Aiming For A 7-9% EBIT Margin Over Long Term
Long Term Investment Pegged At 12-13% Of Revenue
Retail Volume Grew By 1.7% & Revenue Grew By 6% In FY18
Also Launched Jaguar I-Pace As Co's First All Battery Electric Vehicle
To Set Up 5 Lk KL/Annum Plant At Visakhapatnam For Rs 1,785 Cr
To Set Up 6 Lk KL/Annum Plant In Mysore For Rs 2,300 Cr
Co's International Business Did Not Perform Well In FY18
Economy & Inflated Currency Hit Co's Egyptian Operations
To Launch Generic Tadalafil After Filing ANDA With USFDA
Sterile Drug Product Manufacturing Facility In Bengaluru Receives EIR From USFDA
USFDA's Pre-Approval & Inspection Of Facility Done In April & May 2018
EIR Notifies That The Inspection Stands Closed
Co Committed To Global Standards Of Quality & Compliance
Dr Reddy's Loses Patent Case With Eli Lilly Over Alimta
Co Cannot Launch Its Alternative Salt Forms Until The Eli Lilly Patent Expires
The U.S. District Court For The Southern District Of Indiana Ruled In Favour Of Lilly
The Eli Lilly Patent Expires In May 2022