Mumbai, Aug. 28 -- According to a report , due diligence by Advent and Aster DM Quality Care was nearing completion. However, Yatharth Hospital denied that it was engaged in sale discussions. Blackstone also denied evaluating a deal.

The report said negotiations were still ongoing. There was no certainty that a transaction would materialise.

Yatharth's promoters held 55.8% of the company as of June 2026. A transaction involving a controlling stake would trigger an open offer for an additional 26% of the company under takeover regulations.

Depending on the response to the open offer, the acquirer could eventually hold more than 75% of Yatharth.

For Aster DM Quality Care, a potential acquisition would strengthen its presence in North an...