Krishna Institute of Medical Sciences Limited has informed the Exchange about entering into a Leave and License Agreement with Andhra Mahila Sabha for taking land admeasuring approximately 1.168 acres (equivalent to 21.19 Grounds) located at Dr. Durgabai Deshmukh Road, Raja Annamalai Puram, Chennai, Tamil Nadu-600028 on a long term lease for setting up a Super Speciality Hospital
KIMS · price
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KIMS has signed a Leave and License Agreement with Andhra Mahila Sabha to take 1.168 acres (about 21.19 Grounds) of land on Dr. Durgabai Deshmukh Road, Raja Annamalai Puram, Chennai on a long-term lease. The land will be used to build a new Super Speciality Hospital, marking the company's expansion into Chennai. The financial value of the lease and total project cost have not been disclosed in this filing.
This signals KIMS's expansion into the Chennai market with a new super speciality hospital, which could support future revenue growth but will also require significant capital for construction, equipment, and operations. Shareholders should watch for updates on project cost, timeline, and funding as these will determine near-term financial impact.