Patanjali, DS Group Acquire Magma General Insurance for ₹4,500 Crore

Patanjali Ayurved, a company known for herbal medicines and food, is buying a big part of a company that sells insurance.

They are doing this with help from another company called DS Group.

The Indian insurance regulator, IRDAI, has said it’s okay for them to buy the insurance company.

Patanjali will own about 74% of the insurance company, and DS Group will own about 25%.

This move lets Patanjali use its many stores to sell insurance, especially in places where not many people have insurance yet.

The insurance company, Magma General, sells policies for cars, health, homes, and businesses.

It made a lot of money last year and is growing fast.

Patanjali hopes this will help more people get insurance and grow its business beyond food and medicine.