Regulatory7 Aug 2026, 09:21 pm
KIMS Hospitals Receives In-Principle Approval for Warrant Issue
AI Summary
Krishna Institute of Medical Sciences Ltd (KIMS Hospitals) has received in-principle approval from BSE and NSE for the preferential issue and allotment of 77,02,182 warrants, convertible into equity shares, to its promoters and promoter group. The issue price for conversion is not less than ₹779 per share. The exchanges have advised the company to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to ensure compliance with SEBI regulations. KIMS Hospitals must also comply with post-allotment listing formalities within twenty days.
Key Highlights
- KIMS Hospitals gets in-principle approval for preferential warrant issue.
- 77,02,182 warrants to be issued to promoters and promoter group.
- Conversion price set at a minimum of ₹779 per equity share.
- Exchanges mandate strengthened internal controls and trading restrictions.
- Company must complete listing formalities within 20 days post-allotment.
Price Impact
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