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Indian pharmacy retail chain MedPlus is preparing to launch in Mumbai. The firm, which already has around 1700 locations predominantly in South India, plans to open 100 stores annually in the new territory. A hundred of its current locations are run as…
Private equity investor Warburg Pincus is making a bid of up to $400 million for the giant MedPlus India pharmacy chain. Nine year old MedPlus currently operates a network of 1200 retail stores in 12 states of India. Promoter Madhukar Gangadi, who together…
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