Krishna Institute of Medical Sciences rises as its arm acquires additional stake in Kondapur Healthcare

Krishna Institute of Medical Sciences is currently trading at Rs. 2152.40, up by 10.55 points or 0.49% from its previous closing of Rs. 2141.85 on the BSE.

The scrip opened at Rs. 2146.80 and has touched a high and low of Rs. 2200.05 and Rs. 2133.75 respectively. So far 1624 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2225.30 on 11-Sep-2023 and a 52 week low of Rs. 1200.00 on 16-Sep-2022.

Last one week high and low of the scrip stood at Rs. 2225.30 and Rs. 2015.05 respectively. The current market cap of the company is Rs. 17140.75 crore.

The promoters holding in the company stood at 38.84%, while Institutions and Non-Institutions held 48.92% and 12.24% respectively.

Krishna Institute of Medical Sciences’ material subsidiary — KIMS Hospital Enterprises has made a further investment by acquiring an equity stake of 13.24% in M/s Kondapur Healthcare. M/s Kondapur Healthcare will be a green field project which is presently under construction of a hospital.
Accordingly, the total equity stake of the Material Subsidiary of the company in the Target Entity as of September 11, 2023, is 19.86%.

Krishna Institute of Medical Sciences offers a comprehensive range of healthcare services including oncology, cardiac sciences, neurosciences, gastric sciences, orthopaedics, renal sciences, organ transplantation, and mother & child care.

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