Zota Health Care converts debt into equity in Davaindia Health Mart
Published on: July 18, 2026, 12:27 a.m. | Source: scanx.trade
Zota Health Care Ltd acquired 2,35,512 equity shares of Davaindia Health Mart Limited for Rs. 1,19,52,23,400 via loan conversion on July 17, 2026. The transaction reduces group debt and improves net worth while Davaindia remains a wholly-owned subsidiary. The subsidiary's turnover rose to Rs. 267.71 crores in FY 2025-26 from Rs. 44.77 crores in FY 2023-24.
