Rs 552-crore block deal in MedPlus Health

Mumbai: PI Opportunities Fund- I and SBI Mutual Fund sold shares of MedPlus Health Services worth ₹552.55 crore in a block deal on NSE on Monday. Both funds sold 78.93 lakh shares at ₹700 apiece. As on September 30, PI Opportunities Fund-I held a 5.77% stake in the company while SBI MF owned 4.88% through SBI Long Term Equity Fund. Franklin Templeton MF, Invesco MF, Kotak Mahindra MF and Morgan Stanley Asia Singapore Pte were among buyers in the deal.

Shares of Medplus Health Services rose 2.1% to close at ₹719 on Monday. In last one month, the company's shares have moved up 5.46% while the BSE 500 Index fell 6.58%.