KIMS Ltd sells stake in Sarvejana Healthcare Pvt Ltd

Suryateja Healthcare Private Limited, a step-down subsidiary of Krishna Institute of Medical Sciences Limited, in which the Company, indirectly through its subsidiary i.e., Sarvejana Healthcare Private Limited holds 100% holding has disinvested its entire stake in favour of group of doctors [Dr Karampudi Kamalakar, Dr Nalamaru Vamsi, Dr Suresh Kumar Thatipamula, Ms. Divya Puskur, and Dr 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 Private Limited, ceased to be a step-down subsidiary of the Company.

Shares of Krishna Institute of Medical Sciences Limited was last trading in BSE at Rs. 1500.80 as compared to the previous close of Rs. 1508.50. The total number of shares traded during the day was 548 in over 224 trades.

The stock hit an intraday high of Rs. 1515.95 and intraday low of 1497.70. The net turnover during the day was Rs. 825152.00. Equity Bulls