Patanjali insurance? IRDAI approves Patanjali, DS Group's acquisition of Magma General Insurance

•IRDAI approves Patanjali Ayurved's acquisition of Magma General Insurance for nearly Rs 4500 crore.

•Patanjali to acquire 73.6% stake, while DS Group will acquire 24.5% from selling shareholders.

•Magma General Insurance reported a net profit of Rs 27 crore in the first 9 months of FY26, with a solvency margin of 1.81x.