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Patanjali secures ₹3,200 crore loan from banks to buy Ruchi Soya
November 29, 2019 | By Livemint.com
business
Patanjali said it got loans of ₹1,200 cr from SBI, ₹700 cr from PNB, ₹600 cr from Union Bank of India, ₹400 cr from Syndicate Bank and ₹300 cr from Allahabad Bank.Ruchi Soya went into the insolvency in December 2017
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New Delhi: Baba Ramdev-led Patanjali Ayurved on Friday said it has already tied up loan worth 3,200 crore from a consortium of lenders led by State Bank of India to fund its acquisition of Ruchi Soya through insolvency process. In September, the National Com
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