Krishna Institute of Medical Sciences board approves acquisition of up to 51% stake in Insignia Healthcare, a 150-bed hospital operator.
The strategic investment involves a cash consideration of ₹30.35 per share based on an independent valuation report.
Acquisition will be executed via creeping acquisition over an indicative period of 12 to 24 months.
Target company reported FY25 turnover of ₹9.68 crore and net worth of ₹243.3 crore with negative PAT.