On 5th June, 2025, Krishna Institute of Medical Sciences Limited (KIMS) announced that its wholly-owned subsidiary, KIMS Hospital Bengaluru Private Limited (KHBPL), has issued and allotted 2,500 equity shares.
These shares, each with a face value of ₹10, were allotted on a preferential basis to Curo Hospital Bangalore Private Limited.
The allotment, for which an amount aggregating to ₹25,000 was received, was made pursuant to a Share Subscription and Shareholders Agreement executed on 19th May, 2024, between KIMS, KHBPL, and Curo Hospital Bangalore Private Limited.
Consequently, KIMS Hospital Bengaluru Private Limited has ceased to be a wholly-owned subsidiary and will now continue as a subsidiary of the Company with an 80% equity stake.
Post-allotment, the issued, subscribed, and paid-up capital of KHBPL stands at 12,500 equity shares of ₹10 each.
Curo Hospital Bangalore Private Limited is the sole investor in this preferential issue.