MUMBAI : Haridwar-based ayurvedic food and personal care products manufacturer Patanjali Ayurved Ltd.-promoted by yoga icon Baba Ramdev is looking to raise up to Rs.
250 crore via sale of non-convertible debentures (NCDs), primarily to aid its working capital needs and tackle supply chain constraints caused by the lockdown.
Patanjali is the latest to jump on the debt-raising bandwagon in the country, where due to the nationwide lockdown over the last 60 days because of covid-19 pandemic, most of the companies are concerned that due to the prolonged stagnation of commercial activities the liquidity in the bond market may not last for too long and secondly, banks too may get more cautious in subscribing to debt papers issued by Indian