French luxury group LVMH Moet Hennessy - Louis Vuitton, is likely to made a gigantic investment in Baba Ramdev's Patanjali Ayurveda. According to the reports, Louis Vuitton is mulling to invest a whopping 500 million USD (Rs 3,250 crore) in Patanjali Ayurveda.
Patanjali spokesperson SK Gupta Tijarawala shared the information on Twitter on Thursday, and added, "Acharya Balkrishna has said that just as we use foreign technology for our development, we do not hesitate to use foreign funds for the benefit of our country, but we will take it on our own terms,will not give share/stake."
Acharya Balkrishna is the managing director of Patanjali. Economic Times quoted Balakrishna as saying, "We would love to work with him if we can find a model," L Catterton Asia Managing Partner Ravi Thakran told the paper. He also said he is aware that Ramdev's business model does not support working with multinational companies and with foreign money or brands."