Patanjali Ayurved, alongside DS Group, received IRDAI approval to acquire Magma General Insurance for ₹4,500 crore, marking its entry into the insurance sector. Patanjali will hold 73.56% stake, DS Group 24.5%. The deal leverages Patanjali's rural distribution network. The approval is valid for three months.
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Patanjali To Sell Insurance After ₹4,500 Cr Magma Deal
