Krishna Institute of Medical Sciences
Krishna Institute of Medical Sciences Ltd has acquired a 100 percent equity stake in Chalasani Hospitals Private Limited for Rs 280 million.
In an exchange filing, the company said, “Krishna Institute of Medical Sciences Ltd has acquired a 100 percent equity stake in Chalasani Hospitals Private Limited Visakhapatnam.”
On Friday, the company’s stock closed 2.07 percent higher at Rs 2,514.90. In the past year, the company’s share price has seen an increase of 29.10 %.
Adani Ports
Adani Ports & Special Economic Zone Ltd has made a move of strategic importance through the purchase of the 80 % stake of Astro Offshore Group for $185 million.
The deal was signed by August 30th, 2024 is part of Adani Ports & Special Economic Zone Ltd’s plan to become one of the world’s biggest marine operators.
Astro Offshore, a leading worldwide operator of support ships for offshore (OSV) is home to an extensive and modern range of boats comprising anchor-handling tugs, flat-top barges, multi-purpose support vessels, and workboats.
On Friday, the company’s stock closed 0.40 percent higher at Rs 1,482. In the past year, the company’s share has increased by 81.02 %.
CK Birla Group
Action can be seen in the shares of the group companies on Monday. CK Birla Group on Friday announced an investment of $100 million in healthcare over the next 5 years in a conversation with Bloomberg News Wire.
Earlier, the group had announced 2 acquisitions in the IVF space in the last 4 months.
Avanti Birla, the Chairman and the founder of Birla Fertility and IVF explained that by investing heavily in infrastructure and making use of its experience.
Birla Fertility & IVF will offer fertility solutions to its customers particularly those in cities in Tier II as well as Tier III cities. The share of the company will be scrutinized on Monday.
Quick Fact
Krishna Institute of Medical Sciences
| Company name | Krishna Institute of Medical Sciences |
|---|---|
| Acquired | Chalasani Hospitals Private Limited |
| Stake Acquired | 100% |
| Acquisition Cost | ₹280 million |
| Location of Acquisition | Visakhapatnam |
| Recent Stock Performance Increase | 29% |
Adani Ports
| Company name | Adani Ports |
|---|---|
| Acquired Stake | Astro Offshore Group |
| Stake Acquired | 80% |
| Acquisition Cost | $185 million |
| Date of Acquisition | August 30th, 2024 |
| Business Focus | Offshore Support Vessels (OSV) |
| Types of Vessels Owned | Anchor-handling tugs, flat-top barges, multi-purpose support vessels, workboats |
CK Birla Group
| Company name | CK Birla Group |
|---|---|
| Announced Investment | $100 million |
| Investment Time | Next 5 years |
| Investment Focus | Healthcare |
| Recent Acquisitions | 2 in the IVF space |
| Target Cities for IVF Services | Tier II and Tier III cities |
| Announced By | Avanti Birla, Chairman and Founder of Birla Fertility and IVF |
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