Ruchi Soya Industries to change name to Patanjali Foods

The Board of Directors of Ruchi Soya Industries on Wednesday decided to change the name of the company to 'Patanjali Foods Limited'. The board has also approved a proposal to acquire Patanjali Ayurved Limited's food retail business for Rs 690 crore. Ruchi Soya is a part of yoga guru Baba Ramdev-led Patanjali Group. Patanjali acquired Ruchi Soya Industries Limited through an insolvency process in 2019. https://ift.tt/WF0VLfp