New Delhi: The Rs 250-crore debenture of Baba Ramdev-led Patanjali Ayurved got full subscription in just three minutes of its arrival on the market on Thursday. Acharya Balakrishna, managing director of Patanjali Ayurved said, “It is historic. A total of Rs 250 crore worth of NCDs (non-convertible debentures) were fully subscribed within three minutes of opening. It shows the enthusiasm and trust of investors. ‘
The Haridwar company will use this amount to meet working capital requirements and strengthen the supply system network. Balakrishna said, “It shows people’s trust. This belief has made Patanjali the most reliable brand in the country and has given impetus to the Swadeshi movement led by Swami Ramdev which is necessary for a strong and self-reliant India. ‘
