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SBI refuses to fund Patanjali’s Ruchi Soya buyout on its own

SBI refuses to fund Patanjali’s Ruchi Soya buyout on its ownAs much as Rs 3,700 crore of the acquisition cost was supposed to have been funded by bank loans with Patanjali infusing Rs 600 crore from its own internal accruals. Bankers are also wary of funding the home-grown consumer goods company after rating downgrades by rating agencies Care and ICRA in October.

from Economic Times https://ift.tt/2DrzUjO
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