New merged entity will be revived
soon and agitation is planned ahead of next Parliamentary Session
Ramdev Baba finally confirmed that his Patanjali
Yogpeeth has acquired Anna led India Against Corruption for undisclosed
valuations, after many of his supporters shouted that he was copying Anna
Hazare's previous year's speech at the time of agitation.
"Yes,
now as it’s become a serious question then I have to admit that, Patanjali
Yogpeeth merged Team Anna's entity India Against Corruption (IAC) with itself
and now onwards Patanjali Yogpeeth will promote the brand IAC in all its
agitation," said Ramdev Baba.
He said
that both the entities though have different agendas their ultimate blend would
provide great business to the stakeholders.
"Consolidation
in the area of agitation is required. While now Team Anna plans to change the
model, we thought acquiring their entity and clearly expanding," said Baba
Ramdev.
However,
he denied about mentioning any purchase consideration and method of valuation.
He said
"We are not bound by Sebi's regulations and the entity would not have any
kind of obligation to disclose the valuation area."
While
besides promoting Yoga, Ramdev Baba diversified its Patanjali Yogpeeth into
areas of agitation towards black money. However, after realizing that black
money is the issue that can't be resolved without reaching to roots of
corruption, changing CBI directors and CVC etc, he thought of adding these new
segments to the entire portfolio. While region wise anti corruption entities
are not lucrative and Team Anna's IAC is just became an eye catcher for the
nation, and also Anna wanted to explore new areas, he grabbed the opportunity.
According
to sources, Ramdev Baba has just provided a bit of small glance towards his
wholly owned subsidiary IAC and he is very serious on reviving the loss-making
entity by another agitation just ahead of the next parliamentary session.
