India Digest: MedPlus plans IPO; Sachin Bansal invests in Navi; Govt eyes defence startups

Photo: Mint

MedPlus Health Services Pvt. Ltd plans to raise about $97 million (Rs 700 crore) via an initial public offering (IPO). In another development, Sachin Bansal has invested about $125 million in his venture Navi Technologies. Meanwhile, the government plans to fund more than 250 defence startups.

MedPlus plans $97m IPO

MedPlus Health Services Pvt. Ltd, a pharmacy retail chain, plans to raise about $97 million (Rs 700 crore) via an initial public offering (IPO), PTI reported quoting its promoter Madhukar Gangadi.

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