Krishna Institute of Medical Sciences Limited (KIMS) announced that it has increased its equity stake in its subsidiary, Arunodaya Hospitals Private Limited, by an additional 3%, bringing its total holding to 70.66%. This acquisition was completed through a secondary purchase, with the total cost amounting to ₹2.25 crore.
Arunodaya Hospitals, incorporated in 2008, operates as a multispecialty healthcare provider, offering treatments across cardiology, nephrology, and pediatrics, among others. For the fiscal year ended March 31, 2024, the hospital reported a turnover of ₹38.09 crore. The acquisition aligns with KIMS’s strategic focus on strengthening its portfolio in the healthcare industry.
This development follows KIMS’s consistent efforts to expand its footprint in India, consolidating its position in the healthcare market. Investors are likely to closely monitor further strategic investments by the company to enhance its competitive edge.
