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Krishna Institute of Medical Sciences’ arm disinvests stake in favour of group of doctors

16 Jan 2023 Evaluate

Krishna Institute of Medical Sciences’ step-down subsidiary -- Suryateja Healthcare has disinvested its entire stake in favour of group of doctors (Karampudi Kamalakar, Nalamaru Vamsi, Suresh Kumar Thatipamula, Divya Puskur, and Omprakash Tumma (collectively to be called as Purchaser)) under an agreement to takeover company by transfer of shares.

Consequent upon the said dis-investment, Suryateja Healthcare ceased to be a step-down subsidiary of the Company. The agreement is effective from December 1, 2022. The Purchasers paid a total composite consideration of Rs 2.50 crore.

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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