Adani Wilmar gets CCI nod for acquiring Ruchi Soya

Varun Marwah August 10 2018

Adani Wilmar, one of the two resolution applicants for Ruchi Soya Industries has received approval from the Competition Commission of India.

Ruchi Soya was put under the insolvency resolution process in December 2017 and received a 90 day extension in June, 2018. Only two resolution applicants, Adani Wilmar and Baba Ramdev-led Patanjali are in the fray to acquire Ruchi Soya.

Adani Wilmar had filed an application with the CCI under Section 6(2) of the Competition Act, 2002 . . .

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