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Ruchi Soya to merge with Patanjali Ayurved under the name 'Patanjali Foods'

Baba Ramdev-led Ruchi Soya Industries on Monday stated it will evaluate the most efficient mode to merge Patanjali Ayurved Ltd's food business with itself and further decided to change the name of the company to Patanjali Foods Ltd. ....

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Ruchi Soya To Be Renamed As Patanjali Foods; Shares Jump Nearly 6%: 10 Points

Edible oil major Ruchi Soya said that its board has decided to change the company's name to Patanjali Foods Ltd. In a regulatory statement released on Monday, the Patanjali-Ayurved backed firm also stated that the decision would be subject to getting approvals from the Registrar of Companies and others. Ruchi Soya also said the board at a meeting held on April 10 accorded its in-principle approval for evaluating a "most efficient mode" to enhance synergies with Patanjali Ayurved Ltd and authorise company's officials to "finalise" or "deliver" any such proposed transaction (if any). ....

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