Ruchi Soya

Ruchi Soya lenders approve Adani Wilmar’s Rs 60-billion resolution plan

The insolvency and bankruptcy proceedings for Ruchi Soya have entered the last leg as lenders have approved of Adani Wilmar’s resolution plan with a majority vote of 96.7 per cent by the committee of creditors (CoC). Adani Wilmar’s bid of Rs 60 billion was approved by the lenders on Thursday night. …

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