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The Delhi High Court has issued an interim injunction restraining Patanjali from airing advertisements that allegedly disparage Dabur Chyawanprash. The matter will be heard next on July 14.

Delhi HC restrains Patanjali from running 'disparaging' advertisements against Dabur Chyawanprash

The Delhi High Court has issued an interim injunction restraining Patanjali from airing advertisements that allegedly disparage Dabur Chyawanprash. The matter will be heard next on July 14.

The Delhi High Court on Thursday restrained Patanjali from running disparaging advertisements against Dabur Chyawanprash.
Justice Mini Pushkarna allowed the interim injunction on Dabur's plea, which alleged "Patanjali Special Chyawanprash" was "disparaging DABUR Chyawanprash specifically" and Chyawanprash in general, by claiming that "no other manufacturer has the knowledge to prepare Chyawanprash" -- constituting generic disparagement.
"In addition, false and misleading statements made in the advertisements (in respect of an ayurvedic drug/medicine), in disparaging comparison with DABUR Chyawanprash," the petition claimed.
Advocates Jawahar Lala and Meghna Kumar appeared for Dabur.
The petition further claimed the advertisement used the prefix "ordinary" with respect to all other Chyawanprash, denoting that they were "inferior".
The advertisement also made "untrue" claims that all other manufacturers had no knowledge of Ayurvedic texts and the formulae used to prepare Chyawanprash, it added.
The court posted the next hearing on July 14.&nbsp;

The action came after the Supreme Court pulled up the Uttarakhand government and the regulator for failing to act against Patanjali’s misleading advertisements on health cures.

Here are the 14 products that Patanjali Ayurved lost licence to manufacture 

The action came after the Supreme Court pulled up the Uttarakhand government and the regulator for failing to act against Patanjali&rsquo;s misleading advertisements on health cures.

VO: Patanjali Ayurved Ltd and &nbsp;Baba Ramdev's Divya Pharmacy lost the manufacturing licenses of 14 of their products with immediate effect for repeated violations of the Drugs and Magic Remedies Act.&nbsp;
14 products that Patanjali Ayurved lost licence 
Swasari Gold, Swasari Vati, Bronchom, Swasari Pravahi, Swasari Avaleh, Mukta Vati Extra Power, Lipidom, Bp Grit, Madhugrit, Madhunashini Vati Extra Power, Livamrit Advance, Livogrit, Eyegrit Gold and Drishti Eye Drop.
The Uttarakhand government informed in the affidavit that its State Licencing Authority has canceled the licenses of these 14 products. The action came after the Supreme Court pulled up the Uttarakhand government and the regulator for failing to act against Patanjali&rsquo;s misleading advertisements on health cures.
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The action comes after the Supreme Court pulled up the Uttarakhand government and the regulator for failing to act against Patanjali.

 Uttarakhand suspends licences of 14 Patanjali products

The action comes after the Supreme Court pulled up the Uttarakhand government and the regulator for failing to act against Patanjali

The action comes after the Supreme Court pulled up the Uttarakhand government and the regulator for failing to act against Patanjali.

The Uttarakhand government has suspended the licenses of 14 Patanjali products.&nbsp;
According to a report by the Hindustan Times, a criminal complaint has also been filed against Baba Ramdev, Acharya Balkrishna and Patanjali Aurved for violating the Drugs and Magic Remedies Act.
Manufacturing licenses have been suspended for Swasari Gold, Swasari Vati, Bronchom, Swasari Pravahi, Swasari Avaleh, Mukta Vati Extra Power, Lipidom, Bp Grit, Madhugrit, Madhunashini Vati Extra Power, Livamrit Advance, Livogrit, Eyegrit Gold and Drishti Eye Drop.
The action comes after the Supreme Court pulled up the Uttarakhand government and the regulator for failing to act against Patanjali&rsquo;s misleading advertisements on health cures.

Supreme Court was hearing contempt case against Patanjali Ayurved and Ramdev for publishing misleading medical advertisements. 

'Is apology the same size, font as misleading ads?', SC to Ramdev in Patanjali misleading ads case

'Is apology the same size, font as misleading ads?', SC to Ramdev in Patanjali case

Supreme Court was hearing contempt case against Patanjali Ayurved and Ramdev for publishing misleading medical advertisements.&nbsp;

The Supreme Court once again came down heavily on Patanjali Ayurved owners Ramdev and his Balkrishna in the misleading ads case.
As per media reports, while hearing the case on April 23, Patanjali Ayurved told the apex court it had published apology in 67 newspapers, saying their mistakes would not be repeated.
The Supreme Court however questioned if the apology was issued in a manner similar to its full-page advertisements.
'Has the apology been published prominently? Same font and size as your earlier advertisements?', the Court asked Patanjali Ayurved representatives as per media reports.&nbsp;

The court posted the matter for further hearing on April 23 and asked Ramdev and Balkrishna to remain present in court.

After Supreme Court rap, Ramdev and Balkrishna agree to tender public apology for misleading ads 

After Supreme Court rap, Ramdev and Balkrishna agree to tender public apology 

The court posted the matter for further hearing on April 23 and asked Ramdev and Balkrishna to remain present in court.

Patanjali founders Ramdev and Balkrishna told the Supreme Court on April 16 that they will issue a public apology over misleading advertisements and false Covid cure claims. The apex court granted them one-week time to issue a public statement. The court has posted the matter for further hearing on Apr 23 and asked Ramdev and Balkrishna to remain present in court.
&nbsp;"We are not saying at this stage we are letting them off the hook," SC bench tells yoga guru Ramdev's counsel.
"I am willing to give a public apology," senior advocate Mukul Rohatgi, appearing for Ramdev and Balkrishna, told a bench of Justices Hima Kohli and Ahsanuddin Amanullah.
The apex court asked Ramdev and Balkrishna, both of whom were present in the court, to come forward for an interaction with the bench.
"They should feel they have a connect with the court," the bench said.
A bench of Justices Hima Kohli and Ahsanuddin Amanullah took note of their apologies, but made it clear that at this stage it has not decided to "let them off the hook".
"You are doing good work but you can't degrade allopathy," the bench told Balkrishna while interacting with him.
Ramdev, who also interacted with the bench, said he had no intention to show disrespect to the court in any manner.
However, the bench told Balkrishna that they (Patanjali) are not so innocent that they didn't know what the top court had said in its earlier orders in the case.
"I am willing to give a public apology," senior advocate Mukul Rohatgi, appearing for Ramdev and Balkrishna, told the bench at the outset.
The apex court asked Ramdev and Balkrishna, both of whom were present in the court, to come forward for an interaction with the bench. "They should feel they have a connect with the court," the bench said.
Ramdev and Balkrishna had last week tendered an "unconditional and unqualified apology" before the top court over advertisements issued by the firm making tall claims about the medicinal efficacy of its products.
In two separate affidavits filed in the court, Ramdev and Balkrishna have tendered an unqualified apology for the "breach of the statement" recorded in the November 21 last year order of the apex court.
(With PTI inputs)
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 Hearing the contempt case against Patanjali Ayurved, the Supreme Court bench told Ramdev that he was taking the contempt of court proceedings lightly. 

Misleading Patanjali ads case: SC rejects apologies of Ramdev, Balkrishna 

Hearing the contempt case against Patanjali Ayurved, the Supreme Court bench told Ramdev that he was taking the contempt of court proceedings lightly.

The Supreme Court on Wednesday rejected the unconditional apologies filed by Patanjali founders Baba Ramdev and Balkrishna for misleading ads, saying that it was not satisfied with them.
Hearing the contempt case against Patanjali Ayurved, a bench of Justices Hima Kohli and Ahsanuddin told Ramdev that he was taking the contempt of court proceedings lightly.
The court also ripped apart Uttarakhand state authorities for not taking action against Patanjali for its misleading medical advertisements.&nbsp;
"We don't want to be so generous in this case," a bench of Justices Hima Kohli and Ahsanuddin Amanullah said during the hearing.
Ramdev and Balkrishna had tendered an "unconditional and unqualified apology" before the apex court over advertisements issued by the firm making tall claims about the medicinal efficacy of its products.
In two separate affidavits filed in the court, Ramdev and Balkrishna have tendered an unqualified apology for the "breach of the statement" recorded in the November 21 last year order of the apex court.
In the November 21, 2023 order, the top court had noted that counsel representing Patanjali Ayurved had assured it that "henceforth there shall not be any violation of any law(s), especially relating to advertising or branding of products manufactured and marketed by it and, further, that no casual statements claiming medicinal efficacy or against any system of medicine will be released to the media in any form".
The top court had said Patanjali Ayurved Ltd is "bound down to such assurance".
The non-observance of the specific assurance and the subsequent media statements irked the apex court, which later issued notice to them to show cause as to why contempt proceedings be not initiated against them.&nbsp;
(With PTI inputs)
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The Supreme Court had scathing remarks for Baba Ramdev's Patanjali, which has been in the middle of a misleading adverstisment case.

Baba Ramdev’s Patanjali: 3 controversies of the Ayurveda company

The Supreme Court had scathing remarks for Baba Ramdev's Patanjali, which has been in the middle of a misleading advertisement case.

The Supreme Court had scathing remarks for Baba Ramdev's Patanjali, which has been in the middle of a misleading adverstisment case.

The Supreme Court rapped Baba Ramdev&rsquo;s Patanjali on April 2nd in a misleading advertisement case. The Ayurveda conglomerate is no stranger to controversy.
In June 2020, when thousands died of COVID-19 everyday, Patanjali released Coronil and claimed the herbal concoction was a cure for the disease. The Haridwar-based company courted a row last year for allegedly using Cuttlefish extracts in a toothpaste that was marked vegetarian.
Patanjali was also in a tussle with Indian food safety regulators, which accused the company of printing forged licence numbers on packets of instant noodles.
The Supreme Court came down hard on the company for its &ldquo;absolute defiance&rdquo; in not filing proper affidavits of compliance in the misleading advertisement case and breaking "every barrier".
The top court wondered as to why the Centre &ldquo;chose to keep its eyes shut when Patanjali was going to town saying there were no remedies for COVID in allopathy&rdquo;.
Last month, Patanjali MD Acharya Balkrishna had tendered an unqualified apology to the apex court for advertising the herbal products of the firm claiming their medicinal efficacy in treating several serious diseases and running down other systems of medicine.
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The top court also asked the Centre why it chose to turn a blind eye when Patanjali claimed there was no remedy for Covid in allopathy.

SC pulls up Ramdev for 'absolute defiance' of order to stop 'misleading' ads

The top court also asked the Centre why it chose to turn a blind eye when Patanjali claimed there was no remedy for Covid in allopathy.

The Supreme Court pulled up Patanjali founder Baba Ramdev for absolute defiance of its order. The Bench cited gross violation of the undertaking given to court that the company would stop issuing misleading advertisements. Ramdev and Patanjali MD Acharya Balkrishna appeared in court after contempt notices were sent against them, and rendered an unconditional apology. The top court also asked the Centre 'why the Ministry of AYUSH chose to keep its eyes shut' when Patanjali went to town saying there was no remedy for Covid in allopathy.
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The affidavit on was filed by Patanjali Managing Director Acharya Balkrishna in response to a show cause notice, asking why contempt of court proceedings should not be initiated for violating the undertaking given to court.

Patanjali submits 'unqualified apology' in Supreme Court

The affidavit on was filed by Patanjali Managing Director Acharya Balkrishna in response to a show cause notice, asking why contempt of court proceedings should not be initiated for violating the undertaking given to court.

Patanjali Ayurved tendered an unconditional apology to the Supreme Court on Wednesday for the company's misleading advertisements on their products and their medicinal efficacy.
The affidavit on behalf of Patanjali Managing Director Acharya Balkrishna was filed in response to a show cause notice asking why contempt of court proceedings should not be initiated for for prima facie violating the undertaking given to the court on November 21, 2023.
A bench of justices Hima Kohli and Ahsanuddin Amanullah on Tuesday came down heavily on the company for failing to reply to the contempt notice, and directed yoga guru Ramdev and Acharya Balkrishna to appear before it personally.
A day after apex court rap, Balkrishna issued an "unqualified apology", and said he would "ensure that such advertisements are not issued in the future".
Balkrishna said he &ldquo;regrets that the advertisement in question which was meant to contain only general statements inadvertently included the offending sentences&rdquo;.
The affidavit clarified that the company's &ldquo;intention is only to exhort the citizens of this country to lead a healthier life by consuming products... including products for lifestyle ailments through the use age old literature and materials supplementing and backed by ayurvedic research.&rdquo;
Notably, Balkrishna called the provisions of the Drugs and Magic Remedies (Objectionable Advertisements) Act, "archaic," and passed when "scientific evidence in Ayurveda research were lacking".&nbsp;
Patanjali, the affidavit said, now has "evidence-based scientific data with clinical research" that would demonstrate the advances made.
The notices were issued in a plea by the Indian Medical Association (IMA) alleging a smear campaign by Ramdev against the vaccination drive and modern medicines.

Supreme Court came down heavily on Patanjali Ayurved for failing to respond to a contempt notice, and ordered Ramdev and Balakrishna to appear personally.

Supreme Court summons Ramdev over Patanjali's 'misleading' ads

Supreme Court came down heavily on Patanjali Ayurved for failing to respond to a contempt notice, and ordered Ramdev and Balakrishna to appear personally.

The Supreme Court on Tuesday sought personal appearance of Yoga guru Ramdev and Patanjali Ayurved Managing Director Acharya Balkrishna before it in the contempt proceedings relating to advertising of the company's products and their medicinal efficacy.
A bench of justices Hima Kohli and Ahsanuddin Amanullah took strong exception to the failure of the company and Balkrishna in filing replies to the court's notices issued to them earlier to show why contempt proceedings be not initiated against them for prima facie violating the undertaking given to the court.
The bench also issued notice to Ramdev to show cause why contempt proceedings be not initiated against him.
The apex court was hearing a plea of the Indian Medical Association (IMA) alleging a smear campaign by Ramdev against the vaccination drive and modern medicines.&nbsp;

Baba Ramdev's Patanjali Ayurveda faces the Supreme Court of India's ire over misleading advertisements.

Supreme Court’s stern warning to Patanjali over misleading advertisements

Supreme Court’s stern warning to Patanjali over misleading ads


<h2>Baba Ramdev's Patanjali Ayurveda faces Supreme Court ire over false cure claims</h2>

The Supreme Court of India delivered a stringent warning to Patanjali Ayurveda, co-founded by Baba Ramdev, demanding an immediate halt to "misleading advertisements." Justices Ahsanuddin Amanullah and Prashant Kumar Mishra presiding over the case affirmed that any product making false cure claims would be slapped with a staggering ₹1 crore penalty.
This admonishment came during the court's hearing of petitions filed by the Indian Medical Association (IMA). Justice Amanullah emphasized, "All such false and misleading advertisements of Patanjali Ayurveda have to stop immediately." The court expressed grave concern over misleading medical advertisements and warned of severe repercussions for any breach.
The bench clarified its stance, indicating a desire not to escalate the matter into an "Allopathy v. Ayurveda" debate but aimed to address the menace of misleading medical advertising. Stressing the gravity of the issue, the court directed the Union Government to devise effective solutions following consultations. The case is set to reconvene on February 5, 2024, for further deliberations.
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The IMA's petition also accused Patanjali of fueling vaccine hesitancy by spreading misinformation about COVID-19 vaccines. Additionally, Ramdev faced criticism for allegedly mocking citizens seeking oxygen cylinders during the second wave.
Earlier in February, Ramdev sparked controversy by suggesting a surge in cancer cases post the COVID-19 pandemic. Speaking at a Patanjali Yog Samiti yoga camp in Goa, he claimed, "Cancer has increased a lot...People have lost their eyesight, their sense of hearing..." Goa Chief Minister Pramod Sawant shared the stage with Ramdev.
Subsequently, Ramdev sought protection in the Supreme Court after facing criminal charges across multiple states for his contentious statements

Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, on Thursday said the freezing of its promoters' shareholding in the company "will not have any impact" on its financial position and functioning of the company

Patanjali Food's shares fall after regulators freeze promoter shares

Patanjali Foods said the the freezing of its promoters' shareholding in the company "will not have any impact" on its financial position and on the company's functioning

Shares of Patanjali Foods have dipped sharply on the back of NSE and BSE freezing shares of the promoters.&nbsp; This action by the stock exchanges' is due to the promoters still holding 80% stake in the company, even though SEBI rules mandates a listed entity to have a minimum public shareholding of 25% Meanwhile, the Baba Ramdev led company said that this decision will not have any impact on its functioning or financial position.&nbsp;
On Thursday, Patanjali Foods informed that leading bourses BSE and NSE had frozen shares of its 21 promoter entities, including Patanjali Ayurved for failing to meet minimum public shareholding norms.
In a filing, PFL said its promoters are "fully committed" to achieving the minimum public shareholding and discussions are going on for this.
"We have received a communication from our promoters that they are fully committed to the mandatory compliance of achieving minimum public shareholding. They have been discussing various modes best suited for increasing public shareholding. They are confident of achieving mandatory MPS within the next few months," it said.

Ruchi Soya shares to be in focus as the Patanjali-owned edible oil company has announced its floor price for the upcoming follow-up public offer (FPO).
The FPO price band will be Rs 615 to 650 and is set to open from March 24 to 28. The minimum bid lot shall be 21 and in multiples of 21 equity shares thereafter. Ruchi Soya is looking to raise Rs 4,300 crore for repayment of certain borrowings, incremental working capital requirements, and general corporate purposes.
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Currently, Patanjali owns 98.9% in Ruchi Soya while public shareholders own 1.1%. Post the FPO, Patanjali's shareholding in the edible oil manufacturer will reduce to 81% while public shareholding will rise to 19%.
Through the FPO, promoters of the company seek to reduce their shareholding to comply with SEBI's guidance. 
Also read/watch | Why Zomato wants Blinkit?
The issue will also include a reservation of about 10,000 equity shares to eligible employees for a subscription.

Ruchi Soya share: Patanjali-owned edible oil company declares FPO floor price

Patanjali-owned Ruchi Soya to open its FPO on March 24 for which it has set its floor price between Rs 615 and 650.

Ruchi Soya FPO offered at a big discount 

Patanjali owns 98.9% in Ruchi Soya while public shareholders own 1.1%.

Patanjali's Ruchi&nbsp;Soya&nbsp;shares in focus as its&nbsp;follow-up public offer (FPO) opens Thursday. The public offer will close on March 28. Ruchi&nbsp;Soya&nbsp;also raised Rs 1,290 crore&nbsp;from anchor investors. Ruchi&nbsp;Soya&nbsp;FPO&nbsp;details
The FPO&nbsp;price band was set at Rs 615 to 650. This is a steep discount to the sub-Rs 900 per share price.&nbsp;The minimum bid lot shall be 21 and in multiples of 21 equity shares thereafter. Ruchi&nbsp;Soya&nbsp;is&nbsp;looking to raise Rs 4,300 crore&nbsp;for repayment of certain borrowings, incremental working capital requirements, and general corporate purposes.
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Currently, Baba Ramdev backed&nbsp;Patanjali owns 98.9% in Ruchi Soya while public shareholders own 1.1%. Post the FPO, Patanjali's shareholding in the edible oil manufacturer will reduce to 81% while public shareholding will rise to 19%.
Through the FPO, promoters of the company seek to reduce their shareholding to comply with SEBI's guidance.&nbsp;The issue will also include a reservation of about 10,000 equity shares to eligible employees for a subscription.
Yoga guru Baba Ramdev- led Patanjali acquired Ruchi Soya in 2019 through an insolvency process for Rs 4,350 crore.
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&nbsp;

Baba&nbsp;Ramdev's new avataar&nbsp;is not pleasing the market regulator SEBI&nbsp;who as per reports has sent a notice to Ramdev's company Ruchi&nbsp;Soya asking for an explaination.&nbsp;In a viral video Baba&nbsp;Ramdev&nbsp;is seen 'preaching' to yoga followers to buy Ruchi&nbsp;Soya&nbsp;and Patanjali&nbsp;stock. "Nowadays, there is a lot of buzz on the Ruchi Soya FPO. Now, do you want to become a crorepati? I will give you the mantra to become a crorepati. I have just learnt the mechanisms of investing in the share market. To trade in shares, you require a demat account. So, open a demat account today. When I tell you, and buy Ruchi Soya shares. After Ruchi Soya, buy Patanjali (Ayurved) shares," Ramdev&nbsp;advised followers on devotional channel AasthaSources have told The Mint that SEBI has asked Ruchi Soya to explain why the yoga guru violated regulatory norms. Bankers to&nbsp;Ruchi&nbsp;Soya&nbsp;who is currently looking at a FPO&nbsp;have responded to the market regulator's queries as per reports.&nbsp;Patanjali acquired Ruchi Soya in 2019 through the insolvency process.&nbsp;I am giving you this guarantee in the morning. But don&rsquo;t buy or sell; that&rsquo;s a gamble. Buy shares, sit tight and take Samadhi (meditation)," Ramdev said in the video.The advise given by Ramdev&nbsp;can be seen as an alleged violation of insider trading norms and investment adviser regulations.&nbsp;While Ramdev does not have any personal holdings in either Ruchi Soya or Patanjali, he is a non-executive director for Ruchi Soya, which legally makes him an insider.Ruchi Soya&nbsp;has already faced in a run-in with SEBI&nbsp;on charges of&nbsp;manipulation of shares after relisting&nbsp;in 2020 as the share prices zoomed&nbsp;&nbsp;8,764% increase in just five months.

SEBI irked by Baba Ramdev's new stock guru avatar

SEBI up in arms as Baba Ramdev turns into a stock guru with mantras on how to become a crorepati. 

 SEBI irked by Baba Ramdev's new stock guru avatar

Baba&nbsp;Ramdev's new avataar&nbsp;is not pleasing the market regulator SEBI&nbsp;who as per reports has sent a notice to Ramdev's company Ruchi&nbsp;Soya asking for an explaination.&nbsp;
In a viral video Baba&nbsp;Ramdev&nbsp;is seen 'preaching' to yoga followers to buy Ruchi&nbsp;Soya&nbsp;and Patanjali&nbsp;stock Insert Byte&nbsp; Sources have told The Mint that SEBI has asked Ruchi Soya to explain why the yoga guru violated regulatory norms. Bankers to&nbsp;Ruchi&nbsp;Soya&nbsp;who is currently looking at a FPO&nbsp;have responded to the market regulator's queries as per reports.&nbsp;Patanjali acquired Ruchi Soya in 2019 through the insolvency process. 
The advise given by Ramdev&nbsp;can be seen as an alleged violation of insider trading norms and investment adviser regulations.&nbsp; While Ramdev does not have any personal holdings in either Ruchi Soya or Patanjali, he is a non-executive director for Ruchi Soya, which legally makes him an insider.
Ruchi Soya&nbsp;has already faced in a run-in with SEBI&nbsp;on charges of&nbsp;manipulation of shares after relisting&nbsp;in 2020 as the share prices zoomed&nbsp;&nbsp;8,764% increase in just five months.

"Buy shares, sit tight and take Samadhi," Ramdev&nbsp;advises followers on Ruchi Soya&nbsp;stock.

Baba&nbsp;Ramdev's new avataar&nbsp;is not pleasing the market regulator SEBI&nbsp;who as per reports has sent a notice to Ramdev's company Ruchi&nbsp;Soya asking for an explaination.&nbsp; In a viral video Baba&nbsp;Ramdev&nbsp;is seen 'preaching' to yoga followers to buy Ruchi&nbsp;Soya&nbsp;and Patanjali&nbsp;stock. "Nowadays, there is a lot of buzz on the Ruchi Soya FPO. Now, do you want to become a crorepati? I will give you the mantra to become a crorepati. I have just learnt the mechanisms of investing in the share market. To trade in shares, you require a demat account. So, open a demat account today. When I tell you, and buy Ruchi Soya shares. After Ruchi Soya, buy Patanjali (Ayurved) shares," Ramdev&nbsp;advised followers on devotional channel Aastha Sources have told The Mint that SEBI has asked Ruchi Soya to explain why the yoga guru violated regulatory norms. Bankers to&nbsp;Ruchi&nbsp;Soya&nbsp;who is currently looking at a FPO&nbsp;have responded to the market regulator's queries as per reports.&nbsp;Patanjali acquired Ruchi Soya in 2019 through the insolvency process. &nbsp;I am giving you this guarantee in the morning. But don&rsquo;t buy or sell; that&rsquo;s a gamble. Buy shares, sit tight and take Samadhi (meditation)," Ramdev said in the video. Read/Watch Also:&nbsp;<a href="Ruchi Soya's 8,764% stock surge prompt SEBI to change re-list process null For video news and more, download the editorji app - www.editorji.com/download">Ruchi Soya's 8,764% stock surge prompt SEBI to change re-list process&nbsp;</a> The advise given by Ramdev&nbsp;can be seen as an alleged violation of insider trading norms and investment adviser regulations.&nbsp; While Ramdev does not have any personal holdings in either Ruchi Soya or Patanjali, he is a non-executive director for Ruchi Soya, which legally makes him an insider. Ruchi Soya&nbsp;has already faced in a run-in with SEBI&nbsp;on charges of&nbsp;manipulation of shares after relisting&nbsp;in 2020 as the share prices zoomed&nbsp;&nbsp;8,764% increase in just five months.

Baba Ramdev&nbsp;owned edible oil firm Ruchi Soya, has filed a draft document with SEBI to launch a follow-on public offer (FPO) to reduce promoter holding as per norms and is likely to&nbsp;raise up to Rs 4,300 crore&nbsp;via the issue.&nbsp;The promoter holding in the company is over 98%, which violates the norms of public listed companies as per the market regulator.&nbsp;As per the SEBI listing rules the promoters can not hold over 75% stake in a listed company. Baba&nbsp;Ramdev&nbsp;led Patanjali&nbsp;has 3 years to reduce stake in Ruchi&nbsp;Soya.&nbsp;Patanjali acquired Ruchi Soya, which is listed on stock exchanges, through an insolvency process for Rs 4,350 crore&nbsp;in 2019.

Baba Ramdev's Ruchi Soya files FPO to raise Rs 4300 cr

Why is Baba&nbsp;Ramdev&nbsp;reducing stake in Ruchi&nbsp;Soya?

Baba Ramdev&nbsp;owned edible oil firm Ruchi Soya, has filed a draft document with SEBI to launch a follow-on public offer (FPO) to reduce promoter holding as per norms and is likely to&nbsp;raise up to ₹4,300 crore&nbsp;via the issue.&nbsp; The promoter holding in the company is over 98%, which violates the norms of public listed companies as per the market regulator.&nbsp;As per the SEBI listing rules the promoters can not hold over 75% stake in a listed company. Baba&nbsp;Ramdev&nbsp;led Patanjali&nbsp;has three years to reduce stake in Ruchi&nbsp;Soya.&nbsp; Patanjali acquired Ruchi Soya, which is listed on stock exchanges, through an insolvency process for ₹4,350 crore&nbsp;in 2019.

The Delhi high court on Thursday issued summons to yoga guru Ramdev on a suit by Delhi Medical Association. T

Patanjali's Coronil not cure for Covid-19: Delhi HC summons Ramdev 

The Delhi high court on Thursday issued summons to yoga guru Ramdev on a suit by Delhi Medical Association. The DMA said in its petition that Ramdev's company Patanjali is propagating false information about its Coronil kit that it is a cure for Covid-19. Ramdev, who is the founder of Patanjali Group, is in the eye of the storm over comments against the allopathic system of medicine, including coronavirus vaccines. The high court also asked Ramdev's counsel orally to tell him not to make any provocative statement till the next date of hearing on July 13 and respond to the suit.

The Delhi high court on Thursday issued summons to yoga guru Ramdev on a suit by Delhi Medical Association. The DMA said in its petition that Ramdev's company Patanjali is propagating false information about its Coronil kit that it is a cure for<a href="https://www.editorji.com/covid-19" target="_blank"> Covid-19</a>. Ramdev, who is the founder of Patanjali Group, is in the eye of the storm over comments against the allopathic system of medicine, including coronavirus vaccines. The high court also asked Ramdev's counsel orally to tell him not to make any provocative statement till the next date of hearing on July 13 and respond to the suit.
Also Read | <a href="https://www.editorji.com/story/ima-files-fir-against-baba-ramdev-for-misleading-comments-on-allopathy-1622116524745" target="_blank">IMA files FIR against Baba Ramdev for misleading comments on allopathy</a>

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