Board Meeting13 Jun 2026, 01:30 pm
KIMS Hospitals Board Approves ₹600 Cr Preferential Warrant Issue
AI Summary
Krishna Institute of Medical Sciences Ltd (KIMS Hospitals) announced that its Board of Directors has approved the issuance of 77,02,182 warrants convertible into equity shares at ₹779 each, aggregating ₹599.99 crore. The warrants will be issued on a preferential basis to promoter and promoter group entities, including Dr. Abhinay Bollineni and Mr. Adwik Bollineni. The company also approved convening an Extra-Ordinary General Meeting (EGM) on July 9, 2026, to seek shareholder approval for this preferential allotment. The issuance is subject to shareholder and regulatory approvals.
Key Highlights
- Board approves preferential issue of 77.02 lakh warrants.
- Total issue size amounts to ₹599.99 crore.
- Warrants to be issued to promoter and promoter group.
- EGM scheduled for July 9, 2026, for shareholder approval.
- Issue subject to regulatory and shareholder sanctions.
Price Impact
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