HedgeCo.Net — Advent International announced on September 17 a definitive agreement to invest ?3,150 crore of primary capital into India’s Yatharth Hospitals for an expected 24.9% stake on completion, according to the firm’s release. Reuters put the check at $328.53 million and reported Yatharth shares rose as much as 8.6% to an all-time high of 1,067 rupees on the announcement. The promoter Tyagi family remains the largest shareholder, and the deal is subject to customary closing conditions.
Reuters said Yatharth operates nine multi-specialty hospitals with about 2,800 operational beds and plans to increase capacity to about 3,250. CNBC-TV18 coverage of the share move and shareholding change is consistent with the primary-capital and warrants framing on the Advent tape.
This is a signed minority primary investment, not a control take-private. Mark the ?3,150 crore / ~$328.5 million size, the expected 24.9% stake, the Tyagi family remaining largest shareholder, the share spike to 1,067 rupees, and the bed-capacity footprint as sourced. Do not invent a final ownership map, a valuation multiple, or a closing date beyond customary conditions.