Shares of Entero Healthcare Solutions rallied as much as 6% to their day’s high of Rs 1,625 on the BSE on Tuesday after Prashant Jain-owned 3P Investment Managers acquired a 2.5% stake in the healthcare product distribution and supply chain platform through open market transactions on August 24. With today’s gain, the stock is up 15% in two sessions.
The 3P India Equity Fund 1M and 3P India Equity Fund 1 schemes, managed by 3P Investment, bought 10.88 lakh shares of Entero Healthcare for Rs 104.99 crore. The acquisition represents 2.5% of the company's paid-up equity, stock exchange data showed.
