Zim Labs board approves about INR 35 crore preferential issue to Florintree
ZIMLAB · price
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Zim Laboratories board on Jan 21 approved issuing up to 47.64 lakh equity shares to Florintree Trinex LLP at INR 73.46 per share, raising about INR 35 crore. The investor is not part of the promoter group and will hold up to 8.91 percent post-issue. Shareholders approval will be sought at an EGM on Feb 16, 2026.
Equity dilution of about 8.91 percent for existing shareholders. A known investor coming in may be viewed positively by the market.