Patanjali also needed a loan

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New Delhi, Ruchi Soya, Baba Ramdev’s Patanjali Company has pledged to lend to the public sector banks. Between Patanjali and Ruchi Soya, this deal is being made in the Rs 4,350 crore. According to media reports, the company wants to borrow for five years and has contacted SBI, PNB, Bank of Baroda, Union Bank and J & K Bank. The company wants to borrow more than Rs 3,700 crore from the banks and will make arrangements worth Rs 600 crore at its own level.

Interaction stuck at interest rate

However sources say that negotiations for funds from banks are in the last round and soon the interest rate will be finalized. Patanjali had approached the non-banking channel for the first loan, but he withdrew after demanding more disclosure of the investors. Patanjali, SBI, Bank of Baroda, Union Bank and J & K Bank did not respond to questions about this news.

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Has gone bankrupt interest Explain that Patanjali has bought interest in the insolvency auction soya, which has a loan of more than Rs 9,300 crore. Out of this, SBI has the highest of Rs 1,800 crore. After this, the exposure of Central Bank of India is 816 crores and PNB is 743 crores. Explain that, in August last year, the highest bid for interest soya was made by Adani Wilmer. Then there was a strong fight with Patanjali. However, in December 2018, Adani Wilmar wrote a letter to interested soya’s resolution professional that the company’s property was being affected due to delays in the insolvency process.

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Patanjali is buying more than Rs 200 croreHelping Patanjali to maintain her growth, Patanjali was saved in the race to buy interest Soy after Adani Wilmer got out of the house. It raised the bid by Rs 200 crore to Rs 4,350 crore in April. After buying interest soya, Patanjali will become a big supplier of soybean oil and other products. It is believed that this deal will help Patanjali maintain its growth momentum.

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