India's QMS Medical Allied Services rises on stake acquisition in Saarathi Healthcare

QMS Medical Allied Services

18/09/2026 06:52

** Shares of India's QMS Medical Allied Services QMSM.NS rise 5% to 177.36 rupees
** Indian-based healthcare co acquires additional 24% stake in Saarathi Healthcare, increasing co's equity holding from 76% to 100%
** Cost of acquisition is 142.3 million rupees ($1.49 million), co says
** After acquisition Saarathi Healthcare becomes
wholly owned subsidiary of QMSM
** Co says acquisition will help expand business in healthcare sector
** Stock up 97.95% YTD
     

($1 = 95.7600 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))