Advent to invest $328.5 million for 24.9% stake in Yatharth Hospitals
Advent International will invest 31.5 billion rupees ($328.53 million) in Yatharth Hospital for a 24.9% stake in the Indian hospital chain operator.
Story updates
07:51:14 AM UTC
SquawkNews
Shares of Yatharth Hospital & Trauma Care Services Ltd surged over 6% in intraday trade on Thursday, hitting a 52-week high of ₹1,067, after the company announced a major fundraise from global private equity firm Advent International.The surge came after the company's board approved a preferential…
Shares of Yatharth Hospital & Trauma Care Services Ltd rose over 6% in intraday trade on Thursday and touched a 52-week high of ₹1,067 after the company announced a major fundraise from global private equity firm Advent International. The move followed board approval of a preferential issue, according to the company.