Medplus Health Services Limited
SBI Mutual Fund decreased its stake in Medplus Health Services from 3.80% to 3.39% by selling 4,565,417 shares, valued at about ₹309 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.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.