1 month ago
IRDAI OKs Patanjali‑DS Group’s Rs 4,500 Cr Magma Deal
The Insurance Regulatory and Development Authority of India (IRDAI) gave the green light for Patanjali Ayurved and the Dharampal Satyapal Group to buy Magma General Insurance.
Patanjali will own about 74% of the company, while the Dharampal Satyapal Group will own about 25%.
The approval was issued on July 28, 2026, and is valid for three months while the share transfer is finished.
Magma General Insurance was started in 2009 and offers motor, health, property, and commercial insurance.
In the last financial year, it earned about 3,615 crore rupees in premiums and has a net worth of 1,234 crore rupees.
IRDAI approved Patanjali Ayurved and DS Group’s acquisition of Magma General Insurance for Rs 4,500 crore.
Patanjali will hold 73.56% of Magma, DS Group 24.5% from existing shareholders.
Approval letter dated July 28, 2026, valid for three months for share transfer and compliance.
Magma General Insurance, founded 2009, operates in motor, health, property, and commercial insurance.
FY26 gross written premiums rose to Rs 3,615.48 crore; net worth Rs 1,234 crore as of March 31, 2026.
- Who
- Patanjali Ayurved, Dharampal Satyapal Group, IRDAI
- What
- Acquisition of Magma General Insurance
- Where
- India, Mumbai
- When
- Approval letter dated July 28, 2026; deal valued at Rs 4,500 crore
- Why
- To expand insurance portfolio and strengthen market presence
Key facts
- Regulator
- Insurance Regulatory and Development Authority of India
- Deal Value
- Rs 4,500 crore
- Patanjali Stake
- 73.56%
- DS Group Stake
- 24.5%
- Approval Date
- July 28, 2026
- Validity
- 3 months
- Magma Founded
- 2009
- FY26 Gross Premiums
- Rs 3,615.48 crore
- Net Worth
- Rs 1,234 crore
Sources
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