{"id":"f-e550251d2f-57c17548-96c6-5a35-87b2-308d13ac8f57","title":"Zota Health Care to raise ₹400 crore by selling shares to institutions; Details here","description":"Zota Health Care will use the QIP proceeds for funding working capital needs, invest in subsidiaries, and for General Corporate Purposes.","timestamp":1765861730,"category":"business","headline":"Zota Health Care to raise ₹400 crore by selling shares to institutions; Details here","modifiedHeadline":"Zota Health to Raise ₹400 Crore Via Share Sale","subCategories":["scid_4d81caea"],"region":"IN","fcSummary":"Zota Health Care launches a qualified institutional placement (QIP) to raise up to ₹400 crore. The floor price is ₹1,615.28 per share, a 4.2% discount. Funds will be used for working capital, Davaindia Health Mart investment, and general corporate purposes.","summary":"Zota Health Care plans ₹400 Cr share sale to institutions for working capital & subsidiary investments, boosting growth prospects.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-57c17548-96c6-5a35-87b2-308d13ac8f57","sourceUrl":"https://www.cnbctv18.com/market/zota-health-care-share-price-qip-launch-400-crore-floor-indicative-issue-price-discount-utilisation-19792198.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/vtQzRDf-yLz0.webp","content":"Shares of Zota Health Care Ltd. are witnessing volatile moves on Tuesday, December 16, as the company has launched a qualified institutional placement (QIP) to raise funds worth up to ₹400 crore, including a green shoe option of ₹100 crore.\n\n
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\n The company's fundraising committee on Monday, December 15, — approved ₹1,615.28 per equity share as the floor price for the QIP. The floor price is a 4.2% discount to Monday's closing price.\n
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\n As per people familiar with the matter, the indicative issue price is ₹1,535 per equity share, which is a 9% discount to its previous close.\n
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\n Zota Health Care may look to dilute up to 8.4% equity (6.3% through the base issue and 2.1% via green shoe) as part of the fund raising process through the QIP.\n
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The company is set to use the proceeds for:\n
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Funding the working capital requirements of the firm.

Invest in Davaindia Health Mart Ltd. for capital expenditure towards setting up new COCO stores in India.

General corporate purposes, as per sources.

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\n The contractual lock-up post the QIP is 90 days from the date of allotment by the firm and the promoters and promoter group, each.\n
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\n Shares of Zota Healthcare are trading 0.6% higher on Tuesday at ₹1,698. The stock has more than doubled in value in the last 12 months, having gained over 113%.\n
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Also Read: Morgan Stanley ups Bharti Airtel target by 20% on potential tariff hike in Q1 FY27","readDurationInMinutes":"3","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Zota Health Care launches QIP to raise ₹400 cr, including green shoe option.","QIP floor price set at ₹1,615.28/share, potential 8.4% equity dilution.","Funds to support working capital, Davaindia stores, & general needs. Shares up."],"tags":[],"consent":true,"redirectionEnabled":false}

Zota Health Care to raise ₹400 crore by selling shares to institutions; Details here

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