In a significant pre-market transaction, shares of Krishna Institute of Medical Sciences (KIMS) saw 15.7 lakh shares, representing 2% of its equity, change hands at a price of ₹2,497 per share. The total value of this block deal amounts to ₹392.1 crore.
The pre-market window, which allows investors to place orders before the official market opens, has been active with KIMS shares attracting considerable attention. This transaction reflects the ongoing interest in KIMS, which has been bolstered by recent developments in the company’s expansion plans.
KIMS has been in the news for its strategic moves, including the recent acquisition of a 200-bed multi-specialty hospital in Visakhapatnam, aimed at enhancing its healthcare services in the region. This acquisition is part of KIMS’s broader strategy to increase its market presence and capacity in Andhra Pradesh, where it already operates a multi-specialty hospital.
Investors and market watchers will be looking for further updates from KIMS as the day progresses, particularly during the regular trading session following this pre-market.
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