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IRDAI approves Patanjali, DS Group's acquisition of Magma General Insurance
Patanjali Ayurved and Dharampal Satyapal Group secured IRDAI approval for Magma General Insurance. This acquisition marks Patanjali's significant entry into the financial services sector. Patanjali will acquire a majority stake, while DS Group will become a co-investor. Magma General Insurance has shown strong premium growth and achieved profitability. Patanjali plans to expand the insurer's product offerings and reach across India.
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economictimes.indiatimes.com
IRDAI approves Patanjali, DS Group's acquisition of Magma General Insurance
Patanjali Ayurved and Dharampal Satyapal Group secured IRDAI approval for Magma General Insurance. This acquisition marks Patanjali's significant entry into the financial services…
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timesofindia.indiatimes.com
From ayurveda to insurance: Patanjali gets IRDAI nod for Rs 4,500 crore insurance entry
Patanjali Ayurved, which is known for its herbal and other fast-moving consumer goods, is now set to enter financial services through a nearly Rs 4,500 crore acquisition.
