₹3,500-4,000 crore, two people familiar with the development said. Manipal intends to buy the stake held by True North, which invested $200 million in KIMS Group in March 2017.
Discussions are in advanced stages, and an announcement is expected soon, the people cited above said on condition of anonymity.
Founded in 2002, KIMS, short for Kerala Institute of Medical Sciences, is a network of hospitals offering quaternary care in India and the Middle East. “The founders of the company are also looking to exit through the deal.
It is likely to be a complete sale," one of the two people cited above said. The founders are led by founder chairman and managing director Dr.