IRDAI clears Patanjali and DS Group’s ₹4,500 crore acquisition of Magma General
IRDAI has approved Patanjali Ayurved and DS Group’s purchase of Magma General Insurance from Sanoti Properties. Patanjali will hold 73.56% and DS Group 24.50%; the transaction must close within the regulator’s three-month approval window.
IRDAI approved Patanjali Ayurved and DS Group's acquisition of Magma General Insurance from Sanoti Properties for Rs 4,500 crore. Patanjali will hold 73.56% and DS Group 24.50%, subject to approval terms and closing within three months.
Why this matters
Patanjali Ayurved’s recent insurance-expansion signal is IRDAI’s clearance of its Magma General Insurance acquisition with DS Group, adding a regulated financial-services business to its portfolio.
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