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Patanjali Acquires Stake in Magma General Insurance
The New Indian Express Kalaburagi|March 14, 2025
Billionaire Adar Poonawalla's Sanoti Properties has approved the sale of its insurance subsidiary, Magma General Insurance Limited (formerly Magma HDI General Insurance Company Limited), to Patanjali Ayurved Limited and Noida-headquartered diversified conglomerate DS Group for nearly ₹4,500 crore.
- ENS ECONOMIC BUREAU @New Delhi

The deal is subject to regulatory approvals and has been structured under a share purchase agreement (SPA). Besides Sanoti Properties, Celica Developers and Jaguar Advisory Services are also participating in the sale.

Dit verhaal komt uit de March 14, 2025 editie van The New Indian Express Kalaburagi.

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Patanjali Acquires Stake in Magma General Insurance
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Dit verhaal komt uit de March 14, 2025 editie van The New Indian Express Kalaburagi.

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