Ruchi Soya inks BTA with PNBPL

12 May 2021 Evaluate

Ruchi Soya Industries’ Board has approved the signing of the Business Transfer Agreement (BTA) with Patanjali Natural Biscuits (PNBPL) in a slump sale at Rs 60.02 crore. The BTA is to acquire its business of PNBPL’s manufacturing, packing and labelling of biscuits, cookies, rusk and other associated bakery products.

This acquisition will create a unique opportunity for the company to participate and create value in the biscuit, cookies, rusk and other associated bakery product category in India.

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.

Patanjali Foods Share Price

1335.85 -24.65 (-1.81%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Adani Wilmar 321.10
Patanjali Foods 1335.85
Gokul Agro Resources 109.45
Vijay Solvex 800.00
BCL Industries 56.14
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.