KIMS Ltd makes further investment in Arunodaya Hospitals Pvt Ltd

Krishna Institute of Medical Sciences Limited has made a further investment by acquiring an additional equity stake of 7.79% in Arunodaya Hospitals Private Limited, it’s subsidiary on November 28, 2022. Consequently, the Company now holds 65.62% of the total paid-up Equity Share capital of Arunodaya Hospitals Private Limited.

Arunodaya Hospitals Private Limited (“AHPL”) is a subsidiary of Krishna Institute of Medical Sciences Limited (“the Company/KIMS”). KIMS has increased its holding from 57.83% to 65.62% [an increase of 7.79%] in AHPL.

The Total paid up Equity Share Capital of AHPL as on date is ₹2,02,70,270/- (Rupees Two Crore Two Lakh Seventy Thousand Two Hundred and Seventy Only) and the Total Income of AHPL for the Financial Year ended March 31, 2022 is ₹ 30,62,80,000.

It is a multispecialty hospital with a capacity of 200 patient beds. This hospital is strategically located to serve patients in Srikakulam (AP) as well as from the neighboring state of Odisha.

Shares of Krishna Institute of Medical Sciences Limited was last trading in BSE at Rs. 1503.75 as compared to the previous close of Rs. 1482.05. The total number of shares traded during the day was 4072 in over 827 trades.

The stock hit an intraday high of Rs. 1519.75 and intraday low of 1466.00. The net turnover during the day was Rs. 6104925.00. Equity Bulls