Ruchi Soya Industries’ lenders have approved Rs 6,000 crore bid of Adani Wimar to acquire the debt-ridden edible oil firm. Adani Wimar’s bid was approved by the committee of creditors (CoC).
The company is facing the insolvency proceedings with a total debt of about Rs 12,000 crore. The company has many manufacturing plants and its leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
Ruchi Soya Industries is a leading manufacturer and India’s largest marketer of healthier edible oils, soya food, premium table spread, vanaspati and bakery fats. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.
