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Patanjali Ayurved to acquire 73.56% stake in Magma General Insurance

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Patanjali Ayurved is expanding into the insurance sector through a deal to acquire a 73.56 per cent stake in Magma General Insurance. The DS Group will hold a 24.5 per cent stake in the insurer under the same agreement. The move marks a significant diversification for Patanjali, which is best known for its consumer goods ranging from food products to personal care items. The acquisition would give Patanjali a majority controlling interest in the general insurance company.

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