Business1 hour ago
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Patanjali Insurance: Baba Ramdev Acquires Magma General Insurance
Patanjali Ayurved, led by Baba Ramdev, has acquired Magma General Insurance, gaining a 73.56% stake. This βΉ4,500 crore deal marks Patanjali's entry into the insurance sector, alongside DS Group's 24.5% stake. The acquisition positions Patanjali as a key player in the insurance market, expanding its diverse business portfolio.
βοΈ AI Verdict
"Baba Ramdev is stretching his yoga mat into new financial territory!"
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File ID: #298351Original Source: LiveMint Companies β
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