00:00 After being dominant in the FMCG market, Baba Ramdev's eyes are now on other sectors.
00:06 The latest development has revealed that Patanjali Ayurveda is preparing to enter the field of software.
00:12 For this, the company is also ready to spend crores of rupees.
00:16 So which software company is Baba Ramdev's eyes on and how much is the possibility of this deal, let's know in this video.
00:24 According to a report, Patanjali Ayurveda is showing interest in buying the software company Rolta India, which is in debt.
00:31 For this, Patanjali Ayurveda has offered an offer of around Rs. 830 crores.
00:36 This offer of Patanjali is an all-cash offer.
00:39 If Patanjali's offer is accepted, then after FMCG, its entry into the software sector will also be clear.
00:46 A few days ago, the Pune company Ashton Properties had made the biggest bid to buy Rolta India.
00:53 Patanjali has filed a complaint with NCLT's Mumbai Peeth and has asked that the lenders be instructed to consider its bid.
01:02 On Thursday, NCLT, after hearing the complaints of Ashton Properties, has left its decision to the Committee of Creditors.
01:09 This is because Patanjali had made a bid after the bidding process was completed, which Ashton Properties had opposed.
01:17 Now this entire decision has been left to the Committee of Debtors.
01:21 And in comparison to the offers made to the lenders, Patanjali's offer is bigger and better.
01:27 Because Patanjali's offer is of Rs. 820-830 crores and all the money has been given in cash.
01:34 And this offer has also come from a company which has a lot of cash.
01:39 Ashton Properties had given an offer of Rs. 760 crores.
01:42 It is a good thing for the lenders because Patanjali's offer is better, but now they have to decide how to proceed.
01:50 The lenders are now taking legal advice to start a new process.
01:54 No voting has been done on any plan yet.
01:56 So, the lenders can start the process from a new start.
02:00 If the lenders think about Patanjali's offer or accept it, then it can prove to be a profitable deal for the debtors.
02:09 Now let's tell you how much debt is there on Rolta India.
02:13 Rolta India is a software company whose focus is on tech services related to the defense sector.
02:18 The company has a total of Rs. 710 crores of Union Bank of India.
02:23 In addition, the city group and foreign bondholders have a total of Rs. 6699 crores.
02:29 In this way, the total debt of Rolta India is about Rs. 14000 crores.
02:34 The company was admitted to Diwala Prakriya in January 2023.
02:39 Patanjali is thinking about buying this company.
02:42 And the entry into the software sector will be clear for Patanjali if she buys Rolta India.
02:49 So, that's all for this video.
02:50 How did you find the information?
02:51 Do tell us by commenting.
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