Patanjali secures ₹3,200 crore loan to buy Ruchi Soya

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Patanjali got ₹3,200 cr loan from SBI led consortium
₹1,200 cr from SBI, ₹700 cr from PNB, ₹600 cr from Union Bank of India, ₹400 cr from Syndicate Bank and ₹300 cr from Allahabad Bank

Ruchi Soya went into the insolvency in December 2017

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Deal Lieutenant
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I just hope Patanjali doesn’t become another NPA

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bikidas2060 wrote:

I just hope Patanjali doesn’t become another NPA

Unrealistic hopes never get fulfilled…

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Deal Subedar
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bikidas2060 wrote:

I just hope Patanjali doesn’t become another NPA

Not this time, but surely in the next slowdown

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Deal Subedar
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Worry not as 80-90% of loans will be secured by means of mortgages. Banks are too strict these days and undervaluing mortgages to cover in future if prices drops. I nmy personal view Patanjali should not be allowed to borrow that much money for Ruchi Soya which is a beleaguered company. laughing

As far as NPAs are concerned next one will come from Mudra scheme of Govt. My friend in SBI already told that loans disbursed in MUDRA scheme aren’t having good recovery and 53% are already on verge of sliping into NPAs. The problem is again those who take loan and then start saying if Mallya cam flee with crores we have loans in lakhs. haha And when they will go to bank in future, banks will say we are PMC-ed now.

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cocay wrote:

Unrealistic hopes never get fulfilled…

Bhai please explain.

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Deal Cadet
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cocay wrote:

Unrealistic hopes never get fulfilled…

Mallya was a king of good times aka lion. Ramdev is a tiger under sheep’s clothes

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