Shares of Bliss GVS Pharma today surged nearly five per cent on bourses after the company's Kenyan arm won a three-year contract worth USD 111.40 million (around Rs 760 crore) from Aon Kenya Insurance Brokers.
"Bliss GVS Healthcare, the Kenyan step-down subsidiary of the company, has won a three-year contract worth USD 111.40 million from Aon Kenya Insurance Brokers Ltd for provision of medical healthcare services in Kenya," Bliss GVS Pharma said in a BSE filing.
The stock gained 4.10 per cent to end at Rs 124.40 on BSE. During the day, it rose sharply by 5.27 per cent to Rs 125.80.
At NSE, the stock went up 4.83 per cent to close at Rs 124.70.
"Service payments will be received by the company from Aon, in advance, on a quarterly basis. Part payment for the first quarter has been received form the company," Bliss GVS Pharma said.
Bliss GVS Healthcare runs chain of outpatient medical services clinics in Kenya.
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