SBI Mutual Fund Reduces Stake in MedPlus Health Services Limited
In a recent development, SBI Mutual Fund has decreased its shareholding in MedPlus Health Services Limited, one of India’s leading pharmacy retail chains. According to a disclosure dated November 21, 2024, this reduction follows a market sale transaction on November 19, 2024.
Key Details of the Shareholding Change
- Previous Holding: SBI Mutual Fund previously held 5.0283% of MedPlus Health Services Limited’s paid-up share capital, as reported on October 7, 2024.
- Shares Sold: A total of 10,04,052 shares, equivalent to 0.8399% of the company’s paid-up share capital.
- Final Holding: The fund now holds 2,975,703 shares, representing 2.4891% of the paid-up share capital.
- Mode of Sale: The shares were sold via market sale.
This transaction was disclosed in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulati
Market Implications
This reduction in SBI Mutual Fund’s stake highlights shifting institutional investment patterns, which may influence market sentiment. While the shareholding change does not alter the voting capital of MedPlus Health Services, it signals a recalibration of the fund’s portfolio strategy.
About MedPlus Health Services
MedPlus Health Services Limited is a prominent player in the retail pharmacy sector in India, recognized for its extensive network and robust market presence. Maintaining investor confidence and ensuring stable operations will be critical as the company navigates this updated ownership structure.
This shareholding change is an important event for stakeholders to monitor as it reflects broader investment trends and institutional priorities within the healthcare retail industry.
