Patanjali Ayurved, led by Baba Ramdev, expands beyond FMCG and Ayurveda by acquiring Magma General Insurance, marking its entry into India's booming general insurance sector.

Patanjali Ayurved and Dharampal Satyapal Group secured IRDAI approval for Magma General Insurance. This acquisition marks Patanjali's significant entry into the financial services…

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.

After building a business around Ayurveda, FMCG and wellness products, Patanjali Ayurved is now set to enter India's insurance sector. The Insurance Regulatory and Development…