Acquisitions8 Sept 2025, 06:22 pm
KMC Speciality Hospitals Acquires 26% Stake in Gardenia Energy for Solar Power
AI Summary
KMC Speciality Hospitals (India) Ltd has acquired a 26% equity stake in Gardenia Energy Private Limited for availing solar power energy at MAA Kauvery Hospital unit. The acquisition was made solely to satisfy the requirement of becoming a Captive Consumer and does not grant any control over the company. The cost of acquisition was Rs. 26,000 for 2600 equity shares of Rs. 10 each. Gardenia Energy is engaged in the business of supplying renewable energy resources, incorporated on 05/12/2023 with no significant financial history as operations started in FY 2024-25.
Key Highlights
- KMC Speciality Hospitals acquires 26% stake in Gardenia Energy
- Acquisition for availing solar power at MAA Kauvery Hospital unit
- Investment does not grant control over the company
- Gardenia Energy is a renewable energy resources supplier
- Company incorporated on 05/12/2023 with no significant financial history