![Ruchi Soya acquires Patanjali’s food biz for ₹690 cr; to change its name](https://images.assettype.com/fortuneindia%2F2022-03%2F12682745-69f0-4036-aae7-6ccc92072451%2FBaba_Ramdev_Ruchi_Soya.jpg?w=300&q=95)
Ruchi Soya acquires Patanjali’s food biz for ₹690 cr; to change its name
Ruchi Soya’s name will be changed to Patanjali Foods Ltd; the indicative time period to complete the acquisition is July 15, 2022.
Ruchi Soya’s name will be changed to Patanjali Foods Ltd; the indicative time period to complete the acquisition is July 15, 2022.
This comes after the company's board approved a red herring prospectus (RHP) for its follow-on public offering (FPO) worth ₹4,300 crore.