12 Jan '18, 7pm

[email protected] offers to pump $500 million into Indian #billionaire monk's venture

New Delhi (Sputnik) — After positioning himself and his company Patanjali Ayurveda as "anti-multinational," Baba Ramdev is open to receiving funds from French luxury brand LVMH Moet Hennessy-Louis Vuitton for the "benefit of the country." Ravi Thakran, managing partner of L Catterton Asia, a private equity fund co-owned by LMVH, told The Economic Times that Patanjali has been a disruptor in its categories and that it has taken Indian-ness and celebrated it. Thakran believes that Patanjali Ayurved could take its products to Europe, US, Japan, China and South Korea, and that L Catterton could help in that endeavor. "I know his model is not to work with multinationals and with foreign money," Thakran added. READ MORE: Indian FMCG Brand Giving Sleepless Nights to Entrenched Trans-Atlantic Brands LMVH's offer comes after Patanjali Ayurveda signaled its willingness to raise fund...

Full article: https://sputniknews.com/asia/201801121060700425-louis-vui...

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[email protected] offers to pump $500 million into...

sputniknews.com 12 Jan '18, 12pm

New Delhi (Sputnik) — After positioning himself and his company Patanjali Ayurveda as "anti-multinational," Baba Ramdev is...

Do you think Patanjali will accept the offer?

Do you think Patanjali will accept the offer?

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