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The shares of Medplus Health Services gained 1.68 per cent in early trade on Friday and are trading at ₹821.85 on the Bombay Stock Exchange.
On Thursday, Lavender Rose Investment and PI Opportunities Fund-I, offloaded shares of Medplus for ₹1,206 crore through open market transactions.
According to the bulk deal data available with the NSE, Lavender Rose Investment and PI Opportunities Fund-I sold 70 lakh shares each (or 5.9 per cent stake each).
The Hyderabad-based omni-channel retail pharmacy and diagnostics chain, MedPlus, has recently announced a discount of 50 to 80 per cent on over 500 off-patent therapeutic and chronic medicines under its own brand. The discount would eventually be extended to over more than 800 products in the next three months.
It has a network of over 3800 retail stores spanning seven states and is serving over one crore customers every month.
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