Lavender Rose Investment and PI Opportunities Fund-I have offloaded shares of Medplus Health Services for Rs 1,206 crore through open market transactions. According to the bulk deal data available with the NSE, Lavender Rose Investment and PI Opportunities Fund-I sold 70 lakh shares each or 5.9 per cent stake each. The shares were disposed of in the range of Rs 861.68-861.93, taking the combined transaction value to Rs 1,206.53 crore.
After the transaction, the shareholding of Lavender Rose Investment in Medplus has declined to 11.34 per cent stake, while that of PI Opportunities Fund-I reduced to 8.21 per cent. Meanwhile, Fidelity Funds-India Focus Fund, Nippon India Mutual Fund, Singapore government and Steadview Capital Mauritius collectively bought 77.87 lakh shares of Medplus Health Services.
MedPlus Health Services offers a wide range of products, including pharmaceutical and wellness products such as medicines, vitamins, medical devices and test kits, and FMCG products such as home and personal care products, including toiletries, baby care products, soaps and detergents and sanitizers.
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