2 hrs ago
Advent International Invests Rs 3,150 Crore in Yatharth Hospitals
Advent International is an investment company based in the United States.
It plans to invest Rs 3,150 crore in Yatharth Hospitals.
In return, it will receive 24.9% ownership of the hospital chain.
Yatharth Hospitals operates in India.
The investment is also described as worth $328.53 million.
This is a major move by Advent International into the company.
After the announcement, investors became more interested in Yatharth Hospitals.
Its shares rose to a new all-time high.
Advent International announced a Rs 3,150 crore investment in Yatharth Hospitals.
The investment is valued at $328.53 million, according to the report.
Advent International will acquire a 24.9% stake in the Indian hospital chain.
The deal marks Advent International’s major entry into Yatharth Hospitals.
Yatharth Hospitals shares rose sharply and reached a fresh all-time high.
- Who
- Advent International and Yatharth Hospitals.
- What
- Advent International announced a Rs 3,150 crore investment for a 24.9% stake.
- Where
- Yatharth Hospitals is an Indian hospital chain.
- When
- The announcement was reported on Thursday.
- Why
- The investment represents Advent International’s major entry into Yatharth Hospitals.
Key facts
- Investor
- Advent International
- Company
- Yatharth Hospitals
- Investment
- Rs 3,150 crore
- Reported dollar value
- $328.53 million
- Stake acquired
- 24.9%
- Market reaction
- Yatharth Hospitals shares rose sharply and reached a fresh all-time high.
Sources
Related news
Soota to Sell Rs 1,330-Crore Happiest Minds Stake
Yashoda Medicity Targets Break-Even in Three Years, Adds Beds
TPG Sells 6.66% Aster DM Quality Care Stake
Park Medi World Rises Fifth Session on Prayagraj Hospital Mandate
Supreme Court Slams Hospital Over EWS Emergency Care SOP
Uttar Pradesh Plans Trauma Network To Save Thousands Of Lives
Sumeet Bagadia Names Five Breakout Stocks for August 27
Pellet Gun Injuries Can Cause Permanent Disability, Experts Warn
