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The company has increased its holding from 86.67% to 90.74% in KIMS Hospital Enterprises

The shares were sold at an average price of Rs 1,230 apiece, valuing the transaction at Rs 204.18 crore

The Board of Directors at its meeting held on January 04, 2023 has approved the same

Consequently, the Company now holds 70.66% of the total paid-up equity share capital of M/s. Arunodaya Hospitals

The company now holds 56.61% of the total paid-up Equity Share capital of Sarvejana Healthcare

KIMS Hospitals, currently has presence in the 5 states of Telangana, Andhra Pradesh, Maharashtra, Kerala and Karnataka with over 16 hospitals and 5000 plus beds

The company now holds 64.14% of the total paid-up Equity Share capital of M/s Sarvejana Healthcare

The Super Specialty Hospital will be under the exclusive supervision and control of KIMS, and shall be branded as ‘KIMS-SIKHARA’

Accordingly, the total equity stake of the Material Subsidiary of the company in the Target Entity as of September 11, 2023, is 19.86%

Earlier, the company had entered into a definitive agreement to acquire a majority stake in Spanv Medisearch Lifescience

The acquisition will be completed on or before June 30, 2022

The state-of-the-art facility is a 450-bedded, multi-specialty tertiary care hospital, designed to provide comprehensive medical services across a wide range of specialties

Accordingly, the total equity stake of the Material Subsidiary of the company in the Target Entity as of September 16, 2023, is 28.79%

M/s. Kondapur Healthcare is yet to commence its operations

The new entity will be known as KIMS-UAIMS Hospital

The MoU is to procure medical technology and services of Upto Rs 700 crore

The total cost of acquisition is Rs 20 crore

ICICI Prudential Life Insurance Company picked up the shares at the same price

General Atlantic Singapore Kh sold more than 40.68 lakh shares, amounting to a 5 per cent stake in KIMS

The company now holds 66.35% of the total paid-up equity share capital of Sarvejana Healthcare

The shares were disposed at an average price of Rs 1,300.03 apiece

Accordingly, the total equity stake of the Material Subsidiary of the company in the Target Entity as of October 23, 2023, is 37.18%

KIMS will take on lease and operate and manage a 375-beded facility located in Kollam, Kerala for a period of 20 years commencing from February 1, 2025 to January 31, 2045.

Consequently, the company now holds 65.62% of the total paid-up Equity Share capital of Arunodaya Hospitals

Post-acquisition, the hospital will be renamed ‘KIMS Kingsway Hospitals’

Consequently, the Company now holds 68.59% of the total paid-up equity share capital of M/s. Sarvejana Healthcare