Shares of Yatharth Hospital and Trauma Care Services Ltd. fell as much as 8% on Friday, November 28, after 0.55% of the company’s outstanding equity changed hands in a block deal.

A total of 4.4 lakh shares (0.5% equity) were traded at ₹719.6 per share, taking the transaction value to ₹32 crore.

On November 13, the company received orders from the Deputy Commissioner of Income Tax, Delhi, for the release of all provisionally attached properties. The Income Tax authorities also ordered the unfreezing of all fixed deposits previously attached, which can now be utilized by the company.

“We have actively cooperated with the authorities and provided all the required information,” Yatharth Hospitals said, adding that concerned authorities will be informed once the tax department concludes its investigation.

The matter dates back to October 2023, when Income Tax raids were conducted. Brokerages like Ambit had earlier dropped coverage on the stock, citing concerns over ongoing investigations. “The recent move by authorities to attach various properties and equity shares in three subsidiaries raises concerns. Given our inability to assess the potential outcome or impact, we are dropping coverage on the stock,” Ambit had noted.

As of Friday, shares of Yatharth Hospital were trading 8.08% lower at ₹709.60, though the stock has gained 23% so far in 2025.