magma

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…

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Patanjali Ayurved license suspension

Patanjali Ayurved License Suspension: Uttarakhand Government Takes Action

Uttarakhand Suspends Licences of 14 Patanjali Ayurved Products In a recent development, the Uttarakhand government has suspended the licenses of 14 Patanjali Ayurved products for allegedly failing to meet the required quality standards. This decision comes after samples of these products reportedly failed quality tests. The affected products include popular items like Divya Dant Manjan,…

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