Business Update27 Aug 2024, 08:17 pm
Lavender Rose Investment Ltd Acquires 11.35% Stake in MedPlus Health Services Ltd
AI Summary
Lavender Rose Investment Ltd, an affiliate of Warburg Pincus LLC, has disclosed the acquisition of 11.35% equity shares in MedPlus Health Services Ltd. This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Lavender Rose Investment Ltd does not belong to the promoter/promoter group. The shares were not encumbered and no warrants, convertible securities, or any other instruments were held that could entitle the acquirer to receive shares carrying voting rights in the target company.
Key Highlights
- Lavender Rose Investment Ltd, an affiliate of Warburg Pincus LLC, has acquired 11.35% equity shares in MedPlus Health Services Ltd.
- The acquisition was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Lavender Rose Investment Ltd does not belong to the promoter/promoter group.
- The acquired shares were not encumbered and no warrants, convertible securities, or any other instruments were held.
- MedPlus Health Services Ltd shares are listed on BSE Limited and National Stock Exchange of India.