Shares of MedPlus Health are down nearly 7.75% as of 11.30 am on 31/8/2023 after 12.85% equity changes hands. Buyer saller not known as of now.
CNBC-TV18 had earlier reported citing sources that PI Opportunities Fund or Premji Invest, along with Lavender Rose Investment Ltd., some of the early investors in pharmacy chain MedPlus Heath Services plan on paring some of their stake in the company.
Based on the June quarter shareholding pattern, PI Opportunities Fund held a 14.11 percent stake in the company, while Lavender Rose had a 17.24 percent stake.
It seems selling overhang will be there for some more time. PE selling is major issues with co like HomeFirst, Medplus etc.
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