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NRI couple holds big stake in Baba Ramdevs empire

NEW DELHI: The NRI couple from Scotland who gifted an island to Baba Ramdev hold significant stake in one of the biggest companies in the yoga gurus multi-crore empire. Sarwan Sam Poddar and his wife Sunita, residents of Scotland, bought Little Cumbrae, an island of about 900 acres for two million pounds and gifted it to Ramdev in 2009. The uninhabited island, with remains of an old castle, is to become a yoga and ayurveda retreat centre. According to filings by Patanjali Ayurved Ltd with the Registrar of Companies, the Poddars hold 12.46 lakh shares each in the company. The company has allotted total 3.47 crore shares. Thus, the Poddar couple hold 7.2% stake in the company which is behind most products of the Ramdev empire. The Poddar couple is the second biggest stakeholders in Patanjali Ayurved, after Acharya Balkrishna, Ramdevs close aide whose Indian citizenship has been the subject of controversy. Balkrishnas stranglehold over the companies run by Ramdev group is stark. He holds 3.10 crore of the 3.47 crore shares of Patanjali Ayurved, that is over 92% shares in the company. He also has similar holdings in Vedic Broadcasting Ltd, which controls Aastha channel.

                                                                                                               
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