Sagility India climbs 5% after BroadPath acquisition

Sagility

30/01/2025 08:13

** Shares of Sagility India Ltd  SAGL.NS  climb an
exchange-allowed maximum of 5% to 47.73 rupees
    ** Health tech provider late on Wednesday said it acquired
peer BroadPath Healthcare Solutions in a 5.02 billion rupees
($58 million) cash deal
    ** Acquisition to add 30 new clients for SAGL
    ** SAGL counts U.S.-based health insurers and hospitals
among its clients
    ** Stock trims losses in Jan to 9.9%, but is up ~60% from
its IPO price of 30 rupees; stock had trading debut on Nov. 5,
2024



($1 = 86.5650 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))