Zota Healthcare Converts All Warrants into Shares, Raises Rs 21.8 crore
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has strengthened its balance sheet by raising Rs 21.83 crore through the final conversion of all outstanding warrants into equity shares.
- Zota Healthcare issued 571,961 new equity shares to 11 non-promoter investors, officially converting the last of the 2.64 million warrants issued in August 2024.
- The conversion was priced at Rs 509 per share, bringing in a fresh cash infusion of Rs 21.83 crore (representing the remaining 75% of the total warrant price).
- The company’s total paid-up equity capital increased to Rs 34.63 crore, up from Rs 34.06 crore, resulting in a marginal shareholder dilution of approximately 1.66%.
- By completing this conversion, the company has eliminated all outstanding warrant liabilities, providing a cleaner and more stable capital structure for future growth.
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