Uttar Pradesh: Two foreign subsidiaries of Ruchi Soya had huge leased land holdings — 25,000 hectares in Ethiopia, 17,000 hectares in Madagascar, and 20,000 hectares in Cambodia.
However, in March 2020, Ruchi Soya sold the two subsidiaries to a Lucknow-based entity at a throwaway price.
A closer look reveals that the buyer has close links with Patanjali, the current promoters of Ruchi Soya.
Read Full Article Here: https://economictimes.indiatimes.com/prime/corporate-governance/did-patanjali-get-60000-hectare-ruchi-soya-land-overseas-for-nothing-a-lucknow-firm-can-answer-/primearticleshow/82073012.cms
News Topics For Search: Ruchi Soya , Patanjali, Lucknow, Uttar Pradesh, Business, Baba Ramdev .