Zota Health Care Limited has informed the Exchange about further Acquisition of 21.80% stake in M/s Everyday Herbal Beauty Care Limited, Subsidiary of the Company, by way of subscription to the right issue.
ZOTA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zota Health Care Limited has informed the stock exchange about acquiring an additional 21.80% stake in its subsidiary, Everyday Herbal Beauty Care Limited. The acquisition is being done through subscription to a rights issue of the subsidiary company. This move will further strengthen Zota Health Care's ownership and control over its subsidiary in the herbal beauty care segment.
This increases Zota Health Care's holding in its subsidiary, giving it greater control over the herbal beauty care business. Shareholders may view this positively as it signals deeper commitment to the subsidiary, though it also means more capital is being deployed into this unit.