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Zota Health Care acquires further equity shares in DIHML

12 Mar 2025 Evaluate

Zota Health Care has acquired 1,33,332 equity shares of M/s Davaindia Health Mart (DIHML), Wholly Owned Subsidiary (WOS) of the Company by way of subscription to the right issue. The Company has made further investment in DIHML as a part of strategic investment and working capital requirements of WOS. Post to this acquisition DIHML continues to remain as the WOS of the Company.

The cost of acquisition for the right issue of 1,33,332 equity shares is Rs 4155 per equity share (including premium of Rs 4145 per equity share) aggregating to Rs 55.39 crore.

Zota Health Care manufactures and markets pharmaceutical formulations, nutraceutical, and ayurvedic medicines in India and internationally.

Peers
Company Name CMP
Redington 219.00
Adani Enterprises 2139.15
Amrapali Industries 18.48
Rashi Peripheral 428.45
PDS 285.10
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