Race for Ruchi Soya
Patanjali Ayurved has bid for around ŕ5,700 crore, while Adani has bid ŕ6,000 crore
The Committee of Creditors has decided to conduct Swiss challenge method to maximise the asset value of Ruchi Soya
Under the Swiss Challenge method, Adani will get another chance to make an offer if Patanjali were to match or better Adani’s offer
Apart from Patanjali and Adani, companies that had shown interest in acquiring Ruchi Soya were Emami Agrotech and Godrej Agrovet