Zota Health Care LImited — JV/Acquisition, 11-03-2025: Acquisition

Zota Health Care Limited has acquired 1,33,332 equity shares of its wholly owned subsidiary, Davaindia Health Mart Limited (DIHML), through a cash subscription to a rights issue, totaling approximately Rs. 55.40 Crore. This strategic investment is aimed at boosting working capital for DIHML, which operates a retail generic pharmacy chain across 15+ states in India with over 780 stores and a diverse product range. The acquisition will strengthen Zota's position in the pharmaceutical sector, enhancing its operational capabilities and market presence.