India Digest: Ruchi Soya, Jaypee, Bharti-Vodafone, Fosun in M&A news

India Digest: Ruchi Soya, Jaypee, Bharti-Vodafone, Fosun in M&A news

Photo: Reuters

Lenders of debt-ridden edible oil firm Ruchi Soya have approved the revised Rs4,325-crore takeover offer from Patanjali Ayurved Ltd, while NBCC has received the government’s approval to make a revised offer for Jaypee Infratech. In another development, Bharti Airtel and Vodafone are looking to trim their stakes in their tower venture, and China’s Fosun is in talks to acquire Chennai-based Medall Healthcare.

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