Ruchi Soya signs MOU with Patanjali Ayurved

Ruchi Soya Industries, India's leading agriculture and food Fast Moving Consumer Goods (FMCG) company announced the signing of a Memorandum of Understanding (MOU) with Patanjali Ayurved for an exclusive sales and distribution arrangement for the entire range of Patanjali edible oils in large packs.

Under the terms of the MOU, Ruchi Soya would use its own extensive distribution network to sell the complete range of Patanjali edible oils in large packs across all regions of India, a statement issued here said.

Under the agreement, Ruchi Soya has exclusive distribution rights for the existing as well as future range of Patanjali edible oils in large packs. The MOU will be followed by signing of a detailed service agreement for an initial period of three years, similar to the previous processing and packaging agreements concluded between Ruchi Soya and Patanjali Ayurved earlier this year.