[ad_1]
Ruchi Soya said that its board has decided to change the name of the company from Ruchi Soya Industries Limited to “Patanjali Foods Limited”
Ruchi Soya said that its board has decided to change the name of the company from “Ruchi Soya Industries Limited” to “Patanjali Foods Limited”
- Last Updated:May 18, 2022, 13:35 IST
- FOLLOW US ON:
Ruchi Soya said that its board has decided to change the name of the company from “Ruchi Soya Industries Limited” to “Patanjali Foods Limited” subject to statutory and regulatory approvals.
“Business Transfer Agreement (“BTA”) with Patanjali Ayurved Limited (“PAL”) to ; acquire the food retail business undertaking of PAL which consists of manufacturing, packaging, labelling and retail trading of certain food products along with manufacturing plants located at Padartha, Haridwar, and Newasa, Maharashtra (“Food Retail Business Undertaking”), as a going concern on a slump sale basis subject to approval of shareholders,” the filing said.
The company, in a filing, said that it will be taking over the food retail business of Patanjali Ayurved Limited.
“The transaction shall consist of transfer of employees, assets (excluding Patanjali’s brand, trademarks, designs, and copyrights), current assets (excluding debtors, vehicles, cash, and bank balance) contracts, licenses and permits, distribution network, customers related to the Food Retail Business Undertaking of Patanjali Ayurved,” the company informed in an exchange filing.
Read all the Latest News , Breaking News and IPL 2022 Live Updates here.
[ad_2]
Source link
