Saturday, January 13, 2018

Baba Ramdev makes a U turn, to embrace foreign money

Image result for foreign currency

Pioneer of swadeshi movement through his FMCG out fit, Baba Ramdev appears to have made a U turn in so far as foreign investments in his group companies.

Baba Ramdev group is in talks with several foreign funds for capital for its ongoing projects, like food processing and manufacturing units, said a company official. The Haridwar-based company, looking to raise Rs 5,000 crore, has held several meetings with leading fund managers in Mumbai in the last couple of months through financial services  of local as well as foreign investment bankers. Reports also indicate Patanjali MD Acharya Balkrishna also participated in the meetings.

Last week another  global MNC - Louis Vuitton expressed interest to buy stakes in Baba Ramdev's Patanjali Ayurved. Louis Vuitton or LMVH is what French group LVMH Moet Hennessy Louis Vuitton SE is popularly known as.

Incidental Baba who talks swadeshi movements, owns foreign cars, phones, among others. 

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