News > Ruchi Soya renamed Patanjali Foods
Ruchi Soya renamed Patanjali Foods
The Hindu Business Line | 19/05/2022 08:24 AM | Click to read full article
Ruchi Soya Industries Ltd shares bounced 10 per cent on Wednesday after its board approved the acquisition of Patanjali Ayurved's food retail business.
The Board of Directors of Ruchi Soya decided to change the company's name to 'Patanjali Foods Limited' and approved a proposal to acquire Patanjali Ayurved Limited's food retail business for Rs 690 crore.