Corporate News

06-Oct-2026, 09:25

Krishna Institute of Medical Sciences Limited announced that its board approved the acquisition of an equity stake in Splendid Hospitals Private Limited (Kompally) for up to Rs 40.00 crore via primary infusion. The acquisition, which does not constitute a related party transaction, will see Krishna Institute of Medical Sciences acquire up to 22% of equity shares in Splendid Hospitals, a healthcare entity based in Kompally, Telangana, with the potential to expand to over 225 beds. The acquisition is expected to be completed on or before March 31, 2027, based on a valuation report from BDO Valuation Advisory LLP.