New Delhi, Feb. 24 -- HealthCare Global share price jumped 7% on Monday after global investment firm KKR announced to buy a majority stake in the company. HealthCare Global shares spiked as much as 7% to a high of Rs.535 apiece on the BSE.

KKR has signed a definitive agreement to acquire up to 54% stake in HealthCare Global Enterprises from CVC Asia V, at a purchase price of Rs.445 per share, making the private equity firm the largest shareholder and sole operator of the Indian cancer-care chain.

KKR will also conduct an open offer to buy additional shares from public shareholders, Healthcare Global said in a stock exchange filing late Sunday.

Dr. BS Ajaikumar, Founder of HCG, will take on the role of Non-Executive Chairman and be focu...