Zota Health Care LImited — JV/Acquisition, 17-01-2026: Acquisition

Zota Health Care has invested ~Rs. 170 Cr in its wholly-owned subsidiary, Davaindia Health Mart Limited (DIHML), by subscribing to a rights issue of 3,95,348 shares. This strategic move aims to fuel DIHML's expansion of its Davaindia Generic Pharmacy COCO stores across 25 states and 5 Union Territories, bolstering its 1438-store network and 2000+ SKU product portfolio. The investment also supports DIHML's working capital. DIHML, a fast-growing retail pharmacy chain, recorded a turnover of Rs. 109.93 Cr in FY25, up from Rs. 44.77 Cr in FY24, highlighting its significant operational growth potential for Zota.