New Delhi: Yoga-guru-turned-businessman Baba Ramdev’s Patanjali Ayurved Ltd may emerge as a white knight riding to the rescue of infrastructure companies weighed down by stressed assets.
Patanjali Ayurved, which has disrupted the packaged consumer goods industry with its rapid growth in the past few years, has been approached by some infrastructure firms for support that could be in the form of a buyout or a joint venture, a spokesperson for Ramdev said.
In addition, some companies in the sectors in which Patanjali already has a presence have also approached it, the spokesperson added.
Besides its main business of packaged consumer goods, Patanjali has a presence in retail, education and healthcare (Ayurveda). The company manufactures and sells everything from shampoo and toothpaste to biscuits and noodles, and rice and wheat to honey and ghee.
At the core of Patanjali’s investment philosophy, if it indeed opts to purchase any of the stressed assets, be it infrastructure or any other sector, will be swadeshi.
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