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Ruchi Soya To Patanjali Foods, Baba Ramdev's Company Name To Change

Ruchi Soya has also authorised the officers of the company to negotiate, finalise, execute and deliver the terms and conditions of the proposed transaction

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The name of Baba Ramdev's company Ruchi Soya Industries is going to change soon. The Board of Directors of Ruchi Soya has decided to rename Ruchi Soya Industries as Patanjali Foods. The company has filed with the stock exchange and informed about the decision of the board of directors.

The filing reads, "Business Transfer Agreement (“BTA”) with Patanjali Ayurved Limited (“PAL”) to ; acquire the food retail business undertaking of PAL which consists of manufacturing, packaging, labelling and retail trading of certain food products along with manufacturing plants located at Padartha, Haridwar, and Newasa, Maharashtra (“Food Retail Business Undertaking”), as a going concern on a slump sale basis subject to approval of shareholders."

Ruchi Soya has also authorised the officers of the company to negotiate, finalise, execute and deliver the terms and conditions of the proposed transaction.


Tags assigned to this article:
ruchi soya Patanjali Foods Ramdev Baba