“We wish to inform you that M/s. Krishna Institute of Medical Sciences Limited (‘the Company’) has fixed Friday, 13th September, 2024 as the ‘Record Date’ for determining the eligibility of the shareholders of the Company for the sub-division/demerger of 1 (One) Shares shareholding “with a face value of Rs.10/- (Rupees Ten Only) each, fully paid, shall be sub-divided into 5 (Five) equity shares of a face value of Rs.2/- (Rupees Two Only) each,” the company said in its filing to the stock exchanges.
The company had announced its decision to split the company’s shares at its annual general meeting, which was held on August 29.
This is the first time the company has split its shares, according to data available on Trendlyne.
Read also: Azad Engineering shares rise 8% after Investec forecast a 23% riseKIMS stock has more than doubled in value over the past two years, while it is up 31% over the past year and 33.6% year-to-date. Technically, the stock is placed well above its significant short-, medium- and long-term exponential moving averages and is currently hovering in overbought territory at a level of 78 on the RSI, according to Trendlyne. KIMS is one of the largest corporate healthcare groups in India, with hospitals in Telangana, Andhra Pradesh and Maharashtra providing multidisciplinary integrated healthcare services with a focus on tertiary and quaternary healthcare at an affordable cost.
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