India's Healthcare Global rises as KKR plans $400 mln stake purchase

Healthcare Global Enterprises

24/02/2025 04:47

** Shares of Healthcare Global Enterprises  HEAC.NS  rise
3.5% to 517 rupees
    ** The healthcare services provider said U.S. private equity
firm KKR to acquire controlling stake in co for $400 million
    ** KKR will initially acquire a 51% stake in HEAC, with an
option to purchase an additional 3% if its open offer for a
further 26% stake is unsuccessful
    ** More than 374,000 shares change hands, 1.3x its 30-day
avg
    ** Five analysts covering the stock on avg have a "buy"
rating; median PT is 546 rupees - LSEG data
    ** Healthcare Global stock has gained 4% so far this year
     

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))