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Incorporated as a private limited company on 12 Dec.'89, Ishwar Medical Services (IMSL) became a public limited company on 2 Nov.'92. The company was originally promoted by J M Kapadia, friends and associates; now controlled by managing director Amitab Drona, friends and associates. In Mar.'93, IMSL came out with a public issue of 65.85 lac equity shares at par aggregating Rs 6.58 cr, to part-finance the project cost of Rs 9.78 cr. The company is in the hospitals / medical services industry. The company is setting up three polyclinics with twenty beds each for indoor patients which are proposed to be equipped with the most modern diagnostic facilities. Apart from the hospital, the company proposes to acquire built-up areas at Goregaon and Vashi, of about 5000 sq ft each, for setting up polyclinics.
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