Acquisitions30 Aug 2024, 09:32 pm
Krishna Institute of Medical Sciences Acquires 100% Stake in Chalasani Hospitals for Rs. 5 Crore
AI Summary
Krishna Institute of Medical Sciences Ltd. has acquired 100% equity stake of M/s. Chalasani Hospitals Private Limited (QNRI), a 200-bed hospital established in 1995 with a built-up area of around 1,50,000 Sq ft. The hospital is located in a prime residential locality and has a turnover of Rs. 62.60 Cr for the Financial Year ended March 31, 2023. The total paid-up Equity Share Capital of QNRI is Rs. 5,23,44,870/-. This acquisition is not a related party transaction and is completed with cash consideration.
Key Highlights
- Krishna Institute of Medical Sciences Ltd. has acquired 100% equity stake of M/s. Chalasani Hospitals Private Limited (QNRI).
- QNRI is a 200-bed hospital established in 1995 with a built-up area of around 1,50,000 Sq ft and a turnover of Rs. 62.60 Cr for the Financial Year ended March 31, 2023.
- The total paid-up Equity Share Capital of QNRI is Rs. 5,23,44,870/-.
- The acquisition is not a related party transaction and is completed with cash consideration.
- The acquisition will help Krishna Institute of Medical Sciences to gain a larger share in the market and the hospital is situated in a prime locality.