Month: November 2019

Dharamshi & Jhunjhunwala-Led Consortium Declared Winner Of Ricoh India

The Mumbai bench of the National Company Law Tribunal( NCLT) has approved a resolution plan for Ricoh India Ltd. that was submitted by a consortium of two investors. Ricoh owes nearly Rs 2,519 crore to its financial and operational creditors, had filed a voluntary insolvency application in January 2018.

Source: Dharamshi & Jhunjhunwala-Led Consortium Declared Winner Of Ricoh India

Patanjali gets Rs 3,200 crore loan from banks to acquire Ruchi Soya

Patanjali Ayurved led by Baba Ramdev has announced of having received a loan worth Rs 3,200 crore from a consortium of lenders led by State Bank of India to fund its acquisition of Ruchi Soya through insolvency process.

Source: Patanjali gets Rs 3,200 crore loan from banks to acquire Ruchi Soya

With ‘Real Time Net Worth’ at $60.8 billion, Mukesh Ambani is the 9th richest person in the world

According to the latest Forbes ‘The Real-Time Billionaires List’, Reliance Industries Chairman Mukesh Ambani is the ninth richest person in the world.

Source: With ‘Real Time Net Worth’ at $60.8 billion, Mukesh Ambani is the 9th richest person in the world