Bliss GVS Pharma arm wins $111 million contract from Kenyan firm

NEW DELHI: Bliss GVS Pharma's Kenyan arm has won a three-year contract worth $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.

This contract covers outpatient services for over 3,04,060 members, it added.

"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.

Bliss GVS Pharma stock was trading 2.97 per cent higher at Rs 123.05 per scrip in the afternoon trade on BSE today.