Patanjali Insurance? Yoga Guru Baba Ramdev ventures into new turf with Magma General Insurance acquisition
· livemint.com
IRDAI has approved Patanjali Ayurved and DS Group's acquisition of Magma General Insurance, with Patanjali acquiring 73.56% and DS Group 24.5%. Valued at ₹4,500 crore, the deal positions Patanjali as the promoter of the insurance company, which operates across multiple segments.
Insurance Regulatory and Development Authority of India (IRDAI) has approved Patanjali Ayurved and the Dharampal Satyapal (DS) Group's acquisition of Magma Gene...