India's Krishna Institute of Medical Sciences rises after launching QIP
17/06/2026 05:21
BUZZ-India's Krishna Institute of Medical Sciences rises after launching QIP ** Shares of India's Krishna Institute of Medical Sciences KRII.NS rise 2.44% to 796.85 rupees
** Hospital operator launches a qualified institutional placement (QIP) and sets a floor price of 771.73 rupees per share, about 0.9% below the stock's previous close of 778.65 rupees
** Goldman Sachs says fundraise, along with co's previously proposed QIP, could strengthen balance sheet, reduce leverage and support future growth opportunities
** Brokerage says investors likely to view promoter warrant allotment positively as it signals management confidence and establishes a virtual floor price for the stock
** YTD stock up 30.91%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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