Haridwar: Yoga Guru Ramdev’s Patanjali Ayurveda Limited has taken over the US herbal company, Neturamic LLC. It is believed that the deal was struck in December, 2010 but its official announcement was made on Saturday.

The California based company produces herbal products. It has been renamed as Herboved. According to reports, Patanjali Ayurveda struck the deal in about Rs 8.50 crore.

Launching the company’s products at Patanjali Yog Peeth, Ramdev said Ayurveda is like a panacea.

Acharya Balkrishna, General Secretary, Patanjali Yog Peeth, while giving information about Ayurveda said that herboved means Ayurveda.