Patanjali Ayurved, DS Group to acquire Magma General Insurance from Poonawala's Sanoti Properties

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Patanjali Ayurved, DS Group to acquire Magma General Insurance from Poonawala's Sanoti Properties
PTI News
Dated:- 13-3-2025
PTI
New Delhi, Mar 13 (PTI) Yoga Gruru Ramdev-led Patanjali Ayu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rved 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. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Magma 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 Ge .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... neral 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 val .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uation 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 gener .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... al insurance sphere. PTI KRH DP KRH BAL BAL
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X