Zota Health Care Raises ₹350 Crore Via QIP to Fund Expansion to 5,000 Stores
2 hours agoBusiness
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Zota Health Care Raises ₹350 Crore Via QIP to Fund Expansion to 5,000 Stores

Zota Health Care Limited has secured ₹350 crore through a Qualified Institutional Placement (QIP) from various investors, including foreign portfolio investors and mutual funds. The company plans to use these funds to significantly expand its network, aiming to establish over 5,000 generic pharmacy stores across India by March 2029. This investment reflects investor confidence in Zota's business model and expansion strategy.

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