IRDAI clears Patanjali‑DS Group’s Rs 4,500 cr Magma Insurance takeover
Patanjali Ayurved will acquire 73.56% of Magma General Insurance, with DS Group taking 24.5%, in a Rs 4,500 crore deal approved by IRDAI. The move gives Baba Ramdev a direct entry into India’s fast‑growing general‑insurance market, expanding his FMCG empire into financial services.