KIMS Hospital Expansion and Fundraising Gets Board Approval

Krishna Institute of Medical Sciences (KIMS), a leading healthcare services provider, has received approval from its Board of Directors to raise funds worth ₹1,500 crore. The company stated in a communication sent to regulatory authorities that the board reviewed and approved the proposal to raise the funds through the issuance of equity shares, a Qualified Institutional Placement (QIP), or other available methods.

However, the company clarified that the decision will be subject to the approval of shareholders and the necessary permissions from regulatory authorities. KIMS also noted that the issue price related to the proposed fund-raising exercise will be announced at a later stage.