Patanjali Group sells its biscuit business to Ruchi Soya. Ruchi Soya said it would pay Patanjali Natural Biscuits Pvt Ltd (PNBPL) Rs 60.02 crore in two tranches. The Ruchi Soya Board has already sealed the deal. It is also a company owned by Patanjali Ayurveda under the management of Baba Randev. The Patanjali Group bought the insolvent company two years ago.
Andhra Paper’s profit is Rs 32 crore:
Andhra Paper reported a net profit of Rs 32.34 crore for the last quarter of last fiscal. The profit fell 65 per cent to Rs 92.92 crore during the same period last year. The revenue rose to Rs 366.66 crore from Rs 284.24 crore. The company reported a net loss of Rs 4.59 crore on revenue of Rs 902 crore for the full year.