IRDAI clears Patanjali-led ₹4,500 crore acquisition of Magma General Insurance
Patanjali Ayurved will take a 73.56% stake and become promoter of Magma General Insurance, while DS Group will hold 24.5%. The approval marks the FMCG and Ayurveda group’s entry into general insurance.
IRDAI approved Patanjali Ayurved and DS Group’s acquisition of Magma General Insurance for nearly ₹4,500 crore. Patanjali will hold 73.56% and become promoter, extending the FMCG and Ayurveda group into general insurance.
Why this matters
The approval advances recent signals that Patanjali was set to enter general insurance through Magma and that its ₹4,500 crore deal with DS Group awaited regulatory clearance.
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