Zota Health Care to raise ₹400 crore via QIP; floor price set at ₹1,615.28

• Zota Health Care Ltd. is raising up to ₹400 crore via a Qualified Institutional Placement (QIP), which includes a ₹100 crore green shoe option.
• The QIP's floor price is ₹1,615.28 per share, a 4.2% discount to Monday's closing price, with an indicative issue price of ₹1,535 per share.
• Proceeds from the QIP will fund working capital, investment in Davaindia Health Mart Ltd. for new stores, and general corporate purposes.
• The company may dilute up to 8.4% equity through the QIP, with a 90-day lock-up period for promoters post-allotment.

Why It Matters: Zota Health Care's fundraising impacts its growth and expansion plans.