Krishna Institute of Medical Sciences Limited has informed the Exchange about General Updates
KIMS · price
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KIMS Hospital Bengaluru Private Limited (KHBPL), the wholly-owned subsidiary of Krishna Institute of Medical Sciences Limited, has issued and allotted 2,500 equity shares of Rs. 10 each to Curo Hospital Bangalore Private Limited on a preferential basis, raising Rs. 25,000. As a result of this allotment, KIMS's stake in KHBPL has reduced from 100% to 80%, and KHBPL has ceased to be a wholly-owned subsidiary but continues as a subsidiary of the company. The allotment was done pursuant to a Share Subscription and Shareholders Agreement signed on 19th May 2024 between KIMS, KHBPL, and Curo Hospital Bangalore. Post-allotment, the total paid-up equity capital of KHBPL stands at 12,500 equity shares of Rs. 10 each.
This is a minor, pre-planned subsidiary-level transaction (only Rs. 25,000) effectively formalising a 20% stake transfer to a strategic partner (Curo Hospital Bangalore) in the Bengaluru hospital business. KIMS retains an 80% controlling stake, so there is no material dilution or financial impact for KIMS shareholders, though it signals a partnership-driven approach for Bengaluru expansion.