Patanjali decides to infuse Rs 3,438 crore in Ruchi Soya

One of the biggest companies in India, Patanjali Ayurved recently received the NCLT approval to capture Ruchi Soya, in an insolvency process. The company has decided to infuse over Rs 3,438 crore as equity and debt to settle dues of creditors of the debt-laden firm.

It was informed the Ruchi Soya that the National Company Law Tribunal (NCLT), Mumbai approved the Baba-Ramdev led company’s Rs 4,350 crore resolution plan with certain modifications that were accepted by the bidder.


It has also been told that Rs 204.75 crore will be given as equity and Rs 3,233.36 crore as debt. The whole money will be infused in a special purpose vehicle ‘Patanjali Consortium Adhigrahan Pvt Ltd’, which will be later amalgamated with Ruchi Soya.

Through a subscription of non-convertible debentures and preference shares in the SPV, Patanjali group will also infuse another Rs 900 crore.

In April this year, Patanjali group’s Rs 4,350 crore resolution plan to take over Ruchi Soya was approved by a committee of creditors.

Here are some details about the lum sum money initiated by Patanjali Group: Rs 4,235 crore would be given to creditors, for capital expenditure and working capital requirements of Ruchi Soya Rs 115 crore would be used. Rs 4,053.19 crore will be paid to secured financial creditors, Rs 40 crore to unsecured financial creditors, Rs 90 crore to operational creditors, and more.