Adar Poonawalla Sells Magma Insurance Stake to Patanjali Ayurved and DS Group for ₹4,500 Crore
In a significant move in the Indian insurance sector, Adar Poonawalla, CEO of Serum Institute of India, has sold his stake in Magma General Insurance to Baba Ramdev’s Patanjali Ayurved and Dharampal Satyapal (DS) Group for ₹4,500 crore. With this acquisition, Patanjali and DS Group will hold a 98% stake in Magma Insurance, marking their strategic entry into the insurance market. This deal is expected to strengthen Magma Insurance’s position and leverage Patanjali’s rural reach and DS Group’s financial expertise to boost the company’s growth in the underpenetrated general insurance sector.
Summary/Static | Details |
Why in the news? | Adar Poonawalla Sells Magma Insurance Stake to Patanjali Ayurved and DS Group for ₹4,500 Crore |
Seller | Adar Poonawalla’s Sanoti Properties |
Buyers | Patanjali Ayurved & DS Group |
Deal Value | ₹4,500 crore |
Stake | Acquired 98% |
Magma Insurance | GWP 2024 ₹3,295 crore |
Projected GWP 2025 | ₹3,650-3,700 crore |
Profit Before Tax 2025 | ₹20-25 crore |
Future Focus Areas | Rural insurance, health & agriculture products |
Patanjali’s Advantage | 2 lakh+ retail counters and strong customer base |
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