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Magma sells general insurance business to Patanjali, DS Group
Baba Ramdev's Patanjali Ayurved, along with Dharampal Satyapal Group, has acquired a majority stake in Magma General Insurance from Sanoti Properties, valuing the insurer at ₹4,500 crore. This deal signifies Patanjali's expansion into the general insurance market and broader financial services sector.
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