
Patanjali, DS Group to acquire Magma General Insurance
Sanoti Properties LLP, owned by Adar Poonawalla, has approved the sale of its insurance subsidiary, Magma General Insurance Limited (formerly Magma HDI General Insurance Company Limited), to Patanjali Ayurved Limited and DS Group for approximately ₹4,500 crore, subject to regulatory approvals. The transaction is structured as per a Share Purchase Agreement (SPA), with Celica Developers...
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