Yatharth Hospital announces second acquisition of the year; stock jumps 4%
The acquisition will further consolidate Yatharth Hospital's position as a leading private healthcare provider in North India, says Yatharth Tyagi, Whole time Director.
The acquisition will further consolidate Yatharth Hospital's position as a leading private healthcare provider in North India, says Yatharth Tyagi, Whole time Director.
“The group is in advanced stages of acquiring another hospital in the NCR market this financial year,” says Yatharth Tyagi, Whole-Time Director, Yatharth Hospital and Trauma Care Services.
Max Healthcare was the top loser with a 11% fall, followed by Yatharth, Medanta, Fortis, Apollo, Aster DM Healthcare, among others.
The stock has maintained an uptrend for the fifth consecutive session and rose 22.5% during this period, while it gained 17% in a month.
The share price of the Noida-based multi-specialty hospital chain gained as much as 13.6% to ₹341 on the NSE, while it hit a high of ₹340.9 on the BSE.
Yatharth Hospital plans to raise ₹686.55 crore via public offering, while four IPOs from SME segment aim to garner a total of ₹170 crore.
This week, four IPOs will open for subscription, while six companies will make their debut on stock exchanges.