Magma Insurance Stake Sale: Adar Poonawalla Sells to Patanjali & DS Group for ₹4500 Crore
In a significant financial move, Adar Poonawalla has sold his stake in Magma General Insurance to Patanjali Ayurved and DS Group for ₹4500 crore. This acquisition marks Patanjali and DS Group’s strategic entry into India’s growing insurance sector. Details of the Deal Adar Poonawalla’s Sanoti Properties acted as the seller, transferring a 98% stake to…
