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Krishna Institute confirms Rs 1500 crore QIP funds were used as initially stated
03-Aug-2026, 08:36
Krishna Institute of Medical Sciences Limited reported no deviation or variation in the utilisation of Rs 1500 crore raised through a Qualified Institutional Placement from the objects stated in the Placement Document dated June 19, 2026, according to a filing with the Bombay Stock Exchange and National Stock Exchange on August 3, 2026. The company’s Audit Committee noted the NIL deviation during a meeting on August 3, 2026, and CARE Ratings Limited serves as the monitoring agency.
Krishna Institute of Medical Sciences Limited reported no deviation or variation in the utilisation of Rs 1500 crore raised through a Qualified Institutional Placement from the objects stated in the Placement Document dated June 19, 2026, according to a filing with the Bombay Stock Exchange and National Stock Exchange on August 3, 2026. The company’s Audit Committee noted the NIL deviation during a meeting on August 3, 2026, and CARE Ratings Limited serves as the monitoring agency.