Magma sells general insurance business to Patanjali, DS Group

Baba Ramdev’s Patanjali Ayurved, along with Dharampal Satyapal Group, has acquired a majority stake in Magma General Insurance from Sanoti Properties, valuing the insurer at ₹4,500 crore. This deal signifies Patanjali’s expansion into the general insurance market and broader financial services sector.