Page 4 - Baba Ramdev

Ruchi Soya to launch FPO on March 24; looking to raise Rs 4,300 cr

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurved, will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 cr.

Sebi warns Baba Ramdev for making dubious claims ahead of Ruchi Soya FPO

In a viral video, Ramdev is seen asking his followers to buy shares of Ruchi Soya Industries if they want to become crorepatis

Baba Ramdev's Ruchi Soya gets go ahead from Sebi to float FPO

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has received capital markets regulator Sebi's go-ahead to raise Rs 4,300 crore through a follow-on public offer (FPO). The FPO is being launched to meet the Sebi norm of minimum public shareholding of 25 per cent in a listed entity. The company, which filed the draft papers with Sebi in June, obtained its observations on August 14, an update with the regulator showed on Tuesday. Going by the draft papers, the entire issue proceeds will be used for furthering the company's business by repayment of certain outstanding loans and meeting its incremental working capital requirements and other general corporate purposes. SBI Capital Markets Ltd, Axis Capital Ltd, and ICICI Securities Ltd are the lead managers to the issue. In 2019, Patanjali acquired Ruchi Soya, which is listed on stock exchanges, through an insolvency process for Rs 4,350 crore. The promoters currently have nearly 99 per cent stake and

Delhi HC to hear plea against Ramdev for remarks against allopathy

The Delhi High Court will hear on Monday a plea by seven doctors' associations against Yoga guru Ramdev for allegedly spreading misinformation by his statements against allopathy amid the ongoing COVID-19 pandemic. The matter will be heard by Justice C Hari Shankar who had earlier asked the counsel for the associations to place on record the videos pertaining to the alleged misinformation. The associations before court are three Resident Doctors' Association of the All India Institute of Medical Sciences at Rishikesh, Patna and Bhubaneshwar, Association of Resident Doctors, Post Graduate Institute of Medical Education & Research, Chandigarh, Union of Resident Doctors of Punjab (URDP); Resident Doctors' Association, Lala Lajpat Rai Memorial Medical College, Meerut and Telangana Junior Doctors' Association, Hyderabad. They alleged that Ramdev was misleading and misrepresenting to the public at large that allopathy was responsible for the deaths of several people infected by ...

Patanjali Group revenue crosses Rs 30,000 crore mark in FY21: Baba Ramdev

Group aims to make its companies debt-free in 3-4 yrs

Patanjali clocks Rs 30K-cr turnover in FY21; aims to be debt free in 4 yrs

Patanjali Group said it has achieved a turnover of around Rs 30,000 crore in the fiscal 2020-21

Counsels of Ramdev, doctors' body slug out as SC says 'don't quarrel'

The Supreme Court on Monday stepped-in as counsels for yoga guru Ramdev and doctors' body had heated argument

SC to hear Ramdev's plea against FIR on his allopathy remarks next week

Supreme Court posted for next week the hearing on Yoga guru Ramdev's plea against the registration of multiple FIRs against him in various states over his alleged remarks on the efficacy of allopathy

SC to examine original records of Ramdev's statement on allopathy

The Supreme Court would examine on Monday the original records of the statements of Yoga guru Ramdev on the use of allopathic medicine during the Covid-19 pandemic

SC asks Ramdev to place original record of his statement on allopathy

The Patna and Raipur chapters of the IMA have lodged complaints against Ramdev alleging that his remarks are likely to cause prejudice to the Covid control mechanism

Ramdev moves SC against FIRs by IMA for remarks against modern medicine

The Yoga guru, in his plea, has sought transfer of the FIRs lodged in Patna and Raipur to Delhi.

Baba Ramdev's Ruchi Soya files FPO document to raise up to Rs 4,300 cr

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore.

Ramdev's about-turn: Says will take Covid jab; calls doctors God's envoys

Yoga practitioner Ramdev had said he does not need the Covid vaccine as he has protection of yoga and ayurveda

Medical association Vs Baba Ramdev: 5 things to know about the controversy

Yoga guru Baba Ramdev has angered medical professionals with his remarks about allopathy and its treatment for coronavirus.

Ramdev's remarks: Doctors' body to hold nationwide protest on June 1

A controversy had erupted after he was heard questioning some of the medicines being used to treat the coronavirus infection

Will consider withdrawing complaints if Ramdev takes back remarks: IMA chief

The remarks were against Covid-19 vaccines and modern medicine

UP BJP MLA Surendra Singh backs Ramdev over comments on allopathy

Singh joined the row between Ramdev and the doctors' fraternity, saying the comments against the yoga guru were condemnable

IMA files police complaint against Ramdev, seeks FIR over allopathy remarks

The IMA had earlier written to Prime Minister Narendra Modi demanding that yoga guru Ramdev be booked immediately

IMA serves defamation notice to Ramdev for his remarks against allopathy

This is alleged disparaging remarks against modern medicine and doctors who practice it

Best of BS Opinion: A recovery interrupted, RBI's disclosure dilemma & more

Here are the best of Business Standard's opinion pieces for Monday