FinanceFinancial Express
Irdai approves Patanjali, DS Group’s Rs 4,500-crore Magma General buyout
in5points
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.
Story angle
Center-right
L
CL
C
CR
R
Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Financial Express
Center-right
Mixed factuality
