Ruchi Soya moves up 3% as bidding hots up

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Ruchi Soya Industries pulled higher by 3 per cent on Wednesday as Adani Wilmar emerged as the highest bidder for the bankrupt
Ramdev-backed Patanjali Ayurved, ET reported. At 9.40 am, the stock was ruling 2.97 per cent higher at Rs 12.55 on the BSE
Declaration of the winner will have to wait as banks and the resolution professional (RP) settle conflict of interest issues and the two
The JV has offered to settle Rs 4,300 crore of debt and invest Rs 1,174 crore in equity to revive the struggling firm, they said