Liquidity Events
Premji Invest sells its 5.77 % stake in pharmacy chain MedPlus Health
Azim Premji-controlled private equity firm Premji Invest, through its arm PI Opportunities Fund-I, has sold 68.93 lakh shares (representing a 5.77% stake) in Hyderabad-headquartered pharmacy chain MedPlus Health Services , through a block deal on the NSE. With the latest sale, Premji Invest has completely exited MedPlus.
Between Mar 2007 and Feb 2021, MedPlus Health Services had raised about USD 286 M from PremjiInvest, Warburg Pincus, Mount Kellett, IndiaVenture, TVS Capital, Kalaari Capital, Arcapita, Peepul Capital and others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
