Yatharth Hospitals shares rally 10% to fresh record high as Advent set to acquire 25% stake; stock up 20% in two days
Yatharth Hospital shares surged over 10% after Advent International announced a Rs 3,150-crore investment for a 24.9% stake in the hospital chain. The stock hit a fresh record high, extending its two-day gains to 20%.
Yatharth Hospital & Trauma Care Services shares surged over 10% on Friday, reaching a new record high of Rs 1,184 apiece, as Advent International announced plans to acquire a 24.9% stake in the Indian hospital chain. The investment amounts to Rs 3,150 crore, bringing the company's total market capitalization to approximately Rs 11,163 crore.
Yatharth Hospitals' promoter, the Tyagi Family, will retain majority ownership and continue guiding the company's long-term vision, while Advent brings healthcare expertise, global insights, and a value-creation mindset to accelerate the hospital chain's growth.
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