New Delhi: On Monday, Warburg Pincus, a leading private equity firm, sold its complete 11.35 pc ownership in MedPlus Health Services for Rs 836 crore in an open market deal, marking its exit from the pharmacy chain.
According to the bulk deal information on the National Stock Exchange (NSE), Lavender Rose Investment Ltd, a branch of Warburg Pincus in Mauritius, sold 1.35 crore shares, representing its full 11.35 percent holding in MedPlus Health Services. The company sold the MedPlus shares for Rs 616.48 each, resulting in a total deal value of Rs 836.16 crore.
Singapore government and ICICI Prudential Mutual Fund purchased 62.45 lakh shares, representing a 5.2 per cent ownership in MedPlus Health Services at a price between Rs 616 to Rs 616.20 per share. This increased the total transaction value to Rs 384.72 crore. Other purchasers of MedPlus Health Services' stocks could not be promptly identified. MedPlus Health Services shares closed 0.55 pc up at Rs 638.50 on the NSE
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