Yatharth Hospital share price jumps 10%: What's driving the rally?
New Delhi, Sept. 18 -- Yatharth Hospital share price jumped 10% on Friday, 18 September, after the company announced that global private equity investor Advent International will invest Rs.3,150 crore in the hospital chain for a 24.9% stake.
The transaction represents one of the largest primary capital infusions by a private equity firm in India's hospital sector. Under the definitive agreement, Advent will invest Rs.3,150 crore of primary capital in Yatharth Hospitals and is expected to acquire a significant minority stake of 24.9% upon completion of the transaction. The deal remains subject to customary closing conditions.
The investment marks a significant milestone in Yatharth Hospitals' expansion plans and underscores Advent's conf...
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