Patanjali Insurance? IRDAI Approves Patanjali, DS Group's Acquisition of Magma General Insurance
Patanjali will take a 73.6% stake and DS Group 24.5% in the insurer after the regulator cleared the nearly Rs 4,500 crore deal.
- On July 28, the Insurance Regulatory and Development Authority of India approved the acquisition of Magma General Insurance by Patanjali Ayurved and the Dharampal Satyapal Group, clearing the final regulatory hurdle for the nearly Rs 4,500 crore deal.
- Under the agreement, Patanjali will acquire a 73.6% stake while the Dharampal Satyapal Group owns 24.5%, acquired from selling shareholders including Adar Poonawalla-owned Sanoti Properties, which previously held 72.4% of the insurer.
- Magma General Insurance achieved breakeven in FY25 with profits of Rs 1 crore, compared to losses of Rs 141 crore in FY24, maintaining a solvency margin of 1.81x as of December 31, 2025.
- Patanjali will become the promoter and must continue to infuse capital to support solvency, with the regulatory approval valid for three months to complete the share transfer process.
- Leveraging its massive distribution network, Patanjali plans to expand the insurer's product portfolio and reach across India, specifically targeting under-served semi-urban and rural markets.
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Patanjali set to enter general insurance with Rs 4,500 crore Magma deal
New Delhi: Patanjali Ayurved is set to enter the general insurance business after receiving regulatory approval to acquire a majority stake in Magma General Insurance. As per media reports, the Insurance Regulatory and Development Authority of India has approved the acquisition, which is valued at nearly Rs 4,500 crore. The transaction is being undertaken jointly with DS Group. Under the proposed deal, Patanjali Ayurved will acquire a 73.56% sta…
Patanjali to enter insurance? IRDAI clears Baba Ramdev-led firm's Magma General acquisition
IRDAI has approved Patanjali Ayurved and DS Group's acquisition of Magma General Insurance. The nod gives Patanjali a formal entry into insurance through an existing insurer rather than a new launch.
IRDAI approves Patanjali Ayurved-led consortium's acquisition of Magma General Insurance; nod valid for 3 months
With the insurance regulator's clearance now in place, the buyer consortium is expected to move ahead with completing the share transfer within the stipulated time period
Patanjali insurance? IRDAI approves Patanjali, DS Group's acquisition of Magma General Insurance
Patanjali Ayurved and Dharampal Satyapal Group secured IRDAI approval for Magma General Insurance. This acquisition marks Patanjali's significant entry into the financial services sector. Patanjali will acquire a majority stake, while DS Group will become a co-investor. Magma General Insurance has shown strong premium growth and achieved profitability. Patanjali plans to expand the insurer's product offerings and reach across India.
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