Warburg sells entire 11.35% stake in pharmacy chain Medplus for Rs.836-Cr
Private Equity firm Warburg Pincus has exited pharmacy chain MedPlus Health Services by selling its entire 11.35% stake for INR 836.16 crore through an open market transaction.Lavender Rose Investment Ltd, a Mauritius-based unit of Warburg Pincus, offloaded 1.35 crore shares (representing Warburg’s entire 11.35% stake) at INR 616.48 apiece.
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