Kolkata, Sept. 21 -- Manipal Hospitals Wednesday announced the acquisition of an 84 percent stake in AMRI Hospitals Ltd, a subsidiary of the Emami Group, for an undisclosed amount, media reported.

Emami Group, based in Kolkata, will maintain a 15 percent stake in AMRI Hospitals and remain an investor in the venture.

This strategic move is poised to bolster Manipal Hospitals' presence in the eastern region of India.

With this acquisition, the combined entity will include 33 hospitals spanning 17 cities.

Leveraging the clinical proficiency and infrastructure of AMRI Hospitals, coupled with the synergies of its expansive network, Manipal Hospitals is well-positioned to meet the escalating demand for top-notch tertiary and quaternary heal...