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.