
Patanjali Ayurved enters insurance with ₹4,500 cr Magma General acquisition
Patanjali Ayurved Ltd, known for its herbal and nature-based products, along with Dharampal Satyapal Group, is making a significant move into the insurance sector by acquiring Magma General Insurance Ltd for approximately ₹4,500 crore. The acquisition, subject to regulatory approvals, marks Patanjali’s strategic expansion beyond the FMCG sector into financial services, tapping into India’s underpenetrated...
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