Medplus Health Services Limited
Franklin Templeton Mutual Fund increased its stake in Medplus Health Services from 3.49% to 3.90%, buying 496,098 shares. The approximate value of the additional shares is ₹33.5 Cr at ₹676.60 apiece.
India's second largest pharmacy retailer, Medplus Health operates an extensive network of stores across multiple states and union territories, serving customers in metro, tier-one, and tier-two cities nationwide. The company's core business centers on retail pharmacy operations, providing medicines, healthcare products, and related services through its strategically distributed store network. Medplus distinguishes itself through its wide geographic reach and commitment to accessible healthcare retail.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.