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Patanjali Gets IRDAI Nod for Rs 4,500 Crore Acquisition of Magma General Insurance
Patanjali Ayurved has secured IRDAI approval for a Rs 4,500 crore acquisition of Magma General Insurance. The deal gives Patanjali a 73.6% stake, with DS Group taking 24.5%. Magma reported breakeven in FY25 and premium growth of 22% CAGR over FY21-25.
Jul 30, 2026 1 source