Patanjali Group will buy Magma General Insurance Company: Got approval from IRDAI, deal was signed in March 2025; The process will be completed in 3 months
Patanjali Ayurveda and Dharampal Satyapal Group have received approval from insurance regulator IRDAI to buy stake in Magma General Insurance. The company gave this information in its stock exchange filing on Wednesday. According to media reports, this deal has been done for approximately Rs 4,500 crore. The regulator has given the green signal to this…