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Patanjali Ayurved, DS Group to acquire Magma General Insurance from Poonawala's Sanoti Properties
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....atanjali Ayurved, DS Group to acquire Magma General Insurance from Poonawala's Sanoti Properties<BR>PTI News<BR>Dated:- 13-3-2025<BR>PTI<BR>New Delhi, Mar 13 (PTI) Yoga Gruru Ramdev-led Patanjali Ayur....
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....ved and Rajnigandha maker Dharampal Satyapal Group (DS Group) will acquire Magma General Insurance at a valuation of Rs 4,500 crore from Sanoti Properties LLP, a company statement said on Thursday. M....
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....agma General Insurance is jointly held by Adar Poonawalla and Rising Sun Holdings. Sanoti Properties has approved the sale of its insurance subsidiary Magma General Insurance (erstwhile Magma HDI Gen....
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....eral Insurance Company), along with Celica Developers and Jaguar Advisory Services, as per the share purchase agreement with Patanjali Ayurved and DS Group, the statement said. The deal is "at a valu....
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....ation of Rs 4,500 crore, subject to regulatory approvals", it added. Magma General Insurance, with over 70 products across various categories, offers insurance to secure all major risks in the genera....
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....l insurance sphere. PTI KRH DP KRH BAL BAL<BR> News - Press release - PIB....