Krishna Institute of Medical Sciences Limited — JV/Acquisition, 05-12-2024: Acquisition

Krishna Institute of Medical Sciences Limited has acquired an additional 3.00% equity stake in its subsidiary, Arunodaya Hospitals Private Limited, increasing its total holding to 70.66%. The acquisition was completed for a total consideration of Rs. 2.25 Cr, based on a valuation report. With a turnover of Rs. 38.09 Cr for the financial year ending March 2024, Arunodaya Hospitals operates as a multispecialty healthcare facility, enhancing KIMS's strategic investment in the healthcare sector and potentially increasing operational efficiency and market presence.