Patanjali's IRDAI-approved Magma General acquisition signals insurance entry

Patanjali's IRDAI-approved Magma General acquisition signals insurance entry. The Baba Ramdev-led firm has received regulatory clearance to acquire Magma General Insurance, marking its foray into the insurance sector. This strategic move expands Patanjali’s footprint beyond FMCG and ayurveda. The deal could reshape its revenue streams in the long term.

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