Krishna Institute of Medical Sciences Limited — JV/Acquisition, 22-10-2024: Acquisition

Krishna Institute of Medical Sciences Limited has acquired an additional 2.21% equity stake in its subsidiary, Sarvejana Healthcare Private Limited, increasing its total ownership to 66.35%. The acquisition was completed for ₹36.88 crore, funded in cash. Sarvejana Healthcare, operating as Sunshine Hospital, specializes in orthopedic services and reported a turnover of ₹307.88 crore for FY24. The acquisition highlights KIMS's strategic investment in its material subsidiary within the healthcare industry.