Warburg Pincus Exits MedPlus With INR 836 Cr Stake Sale

Warburg Pincus Exits MedPlus With INR 836 Cr Stake Sale

SUMMARY

Warburg Pincus has exited MedPlus Health Services by divesting its entire 11.35% stake in the pharmacy chain for INR 836 Cr through an open market transaction

According to the bulk deal data , Lavender Rose Investment Ltd, a Mauritius-based subsidiary of Warburg Pincus, sold 1.35 Cr shares, marking the complete sale of its holdings in MedPlus Health Services

The shares of MedPlus were sold at INR 616.48 each, bringing the total deal value to INR 836.16 Cr

Warburg Pincus, a leading private equity firm, has exited MedPlus Health Services by divesting its entire 11.35% stake in the pharmacy chain for INR 836 Cr through an open market transaction.

According to the bulk deal data from the National Stock Exchange (NSE), Lavender Rose Investment Ltd, a Mauritius-based subsidiary of Warburg Pincus, sold 1.35 Cr shares, marking the complete sale of its holdings in MedPlus Health Services.

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