KIMS Shares Jump 2% on New Chennai Super Specialty Hospital Plan

• Krishna Institute of Medical Sciences (KIMS) share price gained nearly 2% on December 22.
• The surge followed an agreement to set up a 300-bed super specialty hospital in Chennai, Tamil Nadu.
• KIMS entered a long-term lease with Andhra Mahila Sabha for 1.168 acres in Raja Annamalai Puram.
• The Rs 300 crore project is expected to be completed in 36 months, funded by bank loans and internal accruals.
• Recently, KIMS Hospital Bengaluru also commenced operations with a 350-bedded multi-specialty facility.

Why It Matters: KIMS shares gained on plans for a new 300-bed super specialty hospital in Chennai.