PremjiInvest Looks To Back Pharmacy Retail Chain MedPlus
Pi Opportunities Fund-I, AIF of PremjiInvest, is looking to acquire a stake in pharmacy retail chain MedPlus.
- The PremjiInvest Opportunities Fund has proposed to invest in MedPlus Health Services according to a CCI filing accessed by Inc42.
- Pi Opportunities Fund-I, the Category II alternative investment fund (AIF) of PremjiInvest, registered under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, is looking to acquire a significant stake in MedPlus.
- In July 2018, Inc42 reported that Amazon was eyeing a stake in MedPlus to further expand its portfolio in the Indian market.
- In another development, LiveMint today (January 9) reported that cab aggregator Ola is in talks to acquire online medicine delivery startup Myra Medicines.