KIMS power move: Material subsidiary expands equity stake; Read thread to know more!

The stock has delivered a return of over 71% over the last one year.

Today, the bulls on D-Street appeared to be grappling for momentum after the Nifty surpassed the 20,000 mark. There were several factors, including the G20 summit that played a role in this remarkable surge.

Krishna Medical Institution Limited (KIMS), established in 1973, is a prominent healthcare group in Andhra Pradesh and Telangana. It is known for providing comprehensive healthcare services, spanning from primary to quaternary care, in both 2-3 tier and tier-1 cities, making it one of the largest in the region.

In a recent development, KIMS Hospital Enterprises Private Limited’s acquisition of M/s Kondapur Healthcare Limited is a strategic step aimed at expanding KIMS’ footprint in the healthcare sector. This acquisition positions KIMS to establish a presence in the thriving healthcare market of Hyderabad, Telangana.

Kondapur Healthcare Limited is a greenfield project currently under construction as a hospital. The hospital is expected to be completed in the next 12-18 months. Once the hospital is operational, it will add 500 beds to KIMS’s existing network of hospitals.

The acquisition will also give KIMS access to new patients and markets. The hospital is located in Kondapur, a rapidly growing suburb of Hyderabad. The area is home to a large number of IT professionals and other high-income earners.

Overall, the acquisition of Kondapur Healthcare Limited is a positive development for KIMS. The acquisition will allow KIMS to expand its presence in the healthcare industry, reach new patients, and grow its revenue.

In Tuesday deals, the shares of Krishna Medical Institution Limited plunged 2.60%. The company’s current market capitalisation is Rs 16,695.80 crore and the total enterprise value is Rs 17,658 crore.

In addition to this, the stock has delivered a return of over 71% over the last one year.

Keep a close eye on this trending stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.