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India’s competition watchdog clears Advent’s investment in Yatharth Hospitals

India’s competition watchdog clears Advent’s investment in Yatharth Hospitals

India’s Competition Commission approved Advent International’s investment in Yatharth Hospital & Trauma Care Services on Tuesday.

The US private equity firm plans to put ₹3,150 crore of fresh capital into the company, rather than buying shares from existing owners.

Once the deal is completed, Advent is expected to hold a 24.9% minority stake, while the founding Tyagi family remains the largest shareholder.

Noida-based Yatharth operates nine multi-speciality hospitals with around 2,800 beds.

The company plans to use the funds to expand its network and grow capacity to more than 5,000 beds over three years.

The investment still needs to be completed, and the CCI’s detailed order is awaited.

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via Economic Times