Patanjali Ayurved Acquires 73.56% Stake in Magma General Insurance

Patanjali Ayurved, the maker of ghee, soap and honey, has expanded into the insurance market by acquiring a 73.56% stake in Magma General Insurance. The deal also sees the DS Group holding a 24.5% share, making it a minority partner. This move diversifies Patanjali’s portfolio beyond its traditional Ayurvedic products. The acquisition positions the company to tap into the growing demand for health and general insurance in India, potentially leveraging its existing distribution network.