General Atlantic to sell 18% stake in KIMS Hospitals
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General Atlantic holds 40.91% stake in KIMS Hospitals acquired at an average price of Rs 310.26 a share. The PE firm is now looking to sell over 18% stake in KIMS, or 13.9 million shares, through an initial public offering, the person cited earlier said.
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For the last three years, the hospital chain has seen its bed capacity increase by nearly 20% with an occupancy ratio of around 80%.
US-based private equity firm General Atlantic is looking to sell nearly half of its stake in Hyderabad-headquartered multi-disciplinary healthcare services provider Krishna Institute of Medical Sciences (KIMS Hospitals), a person aware of the development said.
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Krishna Institute of Medical Sciences files Rs 700-crore IPO papers
Krishna Institute of Medical Sciences Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 700 crore through an initial share-sale. The initial public offering (IPO) comprises a fresh issue of shares aggregating up to Rs 200 crore and an offer for sale of up to 21,340,931 equity shares from promoters and existing shareholders, according to draft red herring prospectus filed with Sebi.
A total of 1,39,77,991 equity shares would be offered by General Atlantic Singapore KH Pte Ltd under the offer for sale, up to 7,75,933 equity shares by Bhaskara Rao Bollineni, up to 11,63,899 equity shares by Rajyasri Bollineni, up to 3,87,966 equity shares by Bollineni Ramanaiah Memorial Hospitals Pvt Ltd.
NEW DELHI: Krishna Institute of Medical Sciences Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 700 crore through an initial share-sale.
The initial public offering (IPO) comprises a fresh issue of shares aggregating up to Rs 200 crore and an offer for sale of up to 21,340,931 equity shares from promoters and existing shareholders, according to draft red herring prospectus filed with Sebi.
A total of 1,39,77,991 equity shares would be offered by General Atlantic Singapore KH Pte Ltd under the offer for sale, up to 7,75,933 equity shares by Bhaskara Rao Bollineni, up to 11,63,899 equity shares by Rajyasri Bollineni, up to 3,87,966 equity shares by Bollineni Ramanaiah Memorial Hospitals Pvt Ltd.
KIMS IPO: Rs 700 crore! All details of initial public offering of Krishna Institute of Medical Sciences msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.