Krishna Institute of Medical Sciences Limited — JV/Acquisition, 30-10-2024: Acquisition

Krishna Institute of Medical Sciences has acquired an additional 2.24% equity stake in its material subsidiary, Sarvejana Healthcare Private Limited, increasing its total holding to 68.59%. The total cost of this acquisition was ₹40.16 Crore. Sarvejana Healthcare, operating as Sunshine Hospital, specializes in orthopedic care and reported a turnover of ₹307.88 Crore for the financial year ending March 31, 2024. This investment reinforces KIMS's strategic position in the healthcare sector.