KIMS raises ₹1,500 crore through qualified institutions placement
after close1 source ↓written by the desknot a recommendation
- raising
- ₹1,500 crore
Krishna Institute of Medical Sciences Limited (KIMS) successfully completed a Qualified Institutions Placement (QIP) raising ₹1,500 crore. The placement attracted investments from notable institutional players, including the International Finance Corporation and major mutual funds like HSBC and ICICI Prudential. Proceeds will be used for repayment of outstanding borrowings.
This capital infusion is expected to strengthen KIMS's financial position and support its growth initiatives in the healthcare sector.
Not investment advice. For informational purposes only.