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Zota Health Care Limited has announced a board meeting where it approved the allotment of 7,52,500 equity shares at an issue price of ₹820 per share, raising a total of ₹61.70 crore through preferential allotment to non-promoter investors. The allotment has reduced the initial plan due to non-subscription from Valiant Mauritius Partners FDI Limited. The company's paid-up capital now stands at ₹28.63 crore.
Additionally, 7,52,500 fully convertible warrants were allotted, each convertible into an equivalent number of equity shares at the same issue price, with upfront payment covering 25% of the total. Non-promoter investors participated similarly, also facing a reduction in the issued amount due to non-subscription.