Patanjali Group, which is in race to acquire bankruptcy-bound Ruchi Soya, has sought more information related to the bid submitted by its rival Adani Group.
The Centre has decided to give 15 days more time to Patanjali Ayurved for meeting conditions like acquisition of land, required for the final nod for setting up of the proposed mega food park in UP.
The UP govt has written to Centre requesting Patanjali Ayurved should be given 15 days time to comply with conditions required for proposed mega food park.
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.
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.
Harsimrat Kaur Badal said she has written to the Uttar Pradesh government for expediting the process for Baba Ramdev's Patanjali Ayurved to set up the proposed Rs 6,000-crore mega food park.
UP CM Yogi Adityanath has directed officials to expedite the process for Baba Ramdev's Patanjali Ayurved to set up its Rs 6,000-crore food park.
"The Chief Minister has talked to Acharya Balkrishna and heard his grievances. There is no cancellation yet," Awasthi told PTI.
The lenders of Ruchi Soya have asked for rebidding between 2 bidders, Patanjali Ayurved and Adani group -- to maximise value of the assets of the debt ridden firm, according to Yoga guru Baba Ramdev.
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