Patanjali set to enter general insurance with Magma acquisition
IRDAI has approved Patanjali Ayurved and DS Group’s acquisition of Magma General Insurance in a deal valued at nearly ₹4,500 crore. Patanjali will hold a 73.56% promoter stake, while DS Group will own 24.5%, subject to transaction completion.
IRDAI approved Patanjali Ayurved and DS Group’s acquisition of Magma General Insurance for nearly ₹4,500 crore. Patanjali will become promoter with a 73.56% stake, extending the Indian FMCG and Ayurveda group into general insurance.
Why this matters
The approval aligns with recent signals on IRDAI clearing Patanjali’s ₹4,500 crore Magma deal and the joint Patanjali-DS Group acquisition, indicating Patanjali’s planned expansion into general insurance.
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