Krishna Institute of Medical Sciences (KIMS) has executed an agreement on May 19, 2024, to invest upto Rs 71,27,50,000 by subscribing to 7,12,750 Optionally Convertible Redeemable Preference Shares (OCRPS) with a face value of Rs 1000 each in M/s. KIMS Hospital Bengaluru (KIMS Bengaluru), is a wholly-owned subsidiary Company.
The proceeds of Preference share capital are intended to be utilized for the repayment of an unsecured loan along with interest advanced by KIMS to its wholly-owned subsidiary KIMS Bengaluru. The unsecured loan was advanced for the acquisition of land and building and further capex.
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.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7743.95 |
| Max Healthcare Inst | 1021.50 |
| Narayana Hrudayalay | 1803.60 |
| Aster DM Healthcare | 680.35 |
| Global Health | 1082.35 |
| View more.. | |
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