Patanjali Ayurved is keen to acquire debt-laden Ruchi Soya Industries,
Business Line reports, quoting unidentified sources. The Baba Ramdev-owned company has put in a ₹9,000-crore bid to buy the edible oil maker. Patanjali, once a distributor of Ruchi Soya's products, is now competing with Godrej, Emami and more than two dozen firms for Ruchi Soya's assets. If the deal goes through, it could be the consumer goods upstart’s largest acquisition by size.
Mint reported in December that Patanjali had paid an undisclosed amount for acquiring a company called Advance Navigation and Solar Technologies.
