The story so far
Patanjali Magma Insurance Buyout
Tracked across 4 sources · Updated 13h ago
IRDAI approved Patanjali Ayurved and DS Group's ₹4,500 crore acquisition of Magma General Insurance. Patanjali will hold a 73.56% stake, marking its entry into the insurance sector.
How it unfolded
1d ago
Patanjali to hold 73.56% stake in Magma General Insurance
2d ago
IRDAI approves Patanjali, DS Group's insurance buyout
What happened earlier
Latest updates
Latest
Full story →From ayurveda to insurance: Patanjali gets IRDAI nod for Rs 4,500 crore insurance entry
Patanjali Ayurved entered financial services after IRDAI approved its Rs 4,500 crore acquisition of Magma General Insurance.
Patanjali will acquire a 73.6% stake in Magma, while Dharampal Satyapal Group will acquire 24.5% as a co-investor.
Magma's gross direct premium grew at 22% CAGR between FY21 and FY25 to Rs 3,334 crore.
The insurer reached breakeven in FY25 with a profit of Rs 1 crore, compared to a Rs 141 crore loss in FY24.
Earlier · 1d ago
Full story →Irdai approves Patanjali, DS Group’s Rs 4,500-crore Magma General buyout
The Insurance Regulatory and Development Authority of India (IRDAI) has approved Patanjali Ayurved and DS Group's acquisition of Magma General Insurance.
The acquisition is valued at ₹4,500 crore.
Magma General Insurance was acquired from Sanoti Properties.
The deal was approved by IRDAI, the insurance regulator.
Earlier · 18h ago
Full story →After Ghee, Soap And Honey, Patanjali Will Now Sell Insurance Too
Patanjali Ayurved will acquire 73.56% stake in Magma General Insurance.
DS Group will own 24.5% stake in Magma General Insurance through the deal.
The partnership marks Patanjali's expansion into the insurance sector.