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Krishna Institute of Medical Sciences executes agreement to invest in M/s. KIMS Hospital Bengaluru

21 May 2024 Evaluate

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.

Krishna Inst.Medi Share Price

681.00 3.10 (0.46%)
21-Apr-2026 16:59 View Price Chart
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