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The Economic Times
The Economic Times
Debaroti Adhikary

Yatharth Hospitals shares rally 10% to fresh record high as Advent set to acquire 25% stake; stock up 20% in two days

Shares of Yatharth Hospital & Trauma Care Services rallied sharply over 10% on Friday, extending gains from the previous session after US-based private equity firm Advent International announced that it will invest Rs 3,150 crore to acquire a 24.9% stake in the Indian hospital chain.

The company's shares jumped to a fresh all-time high of Rs 1,184 apiece on NSE on Friday morning, breaking the previous record made just yesterday. The stock has gained 20% in just two days since the stake acquisition was announced.

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