Ruchi Soya acquisition: Patanjali seeks PSU help to raise ₹3,700 cr | Editorji
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Ruchi Soya acquisition: Patanjali seeks PSU help to raise ₹3,700 cr

May 30, 2019 19:50 IST

In a bid to acquire Ruchi Soya, Patanjali Ayurveda has reportedly approached public sector banks to help raise ₹4,350 crore, The Economic Times reported. The FMCG firm is reportedly looking to raise debt with a maturity of five years from SBI, PNB, Union Bank, Bank of Baroda and Jammu and Kashmir Bank. As per the report, the banks will infuse ₹3,700 cr while the rest of ₹600 crore will be generated through internal accruals. Ramdev-led Patanjali had earlier approached non-banking finance firm