Zota Health Care Acquires 80% Stake in Globotask IT for Strategic IT Solutions
Zota Health Care Limited has acquired an 80% stake in M/s Globotask IT Consultancy Services Private Limited (GITCPL). The acquisition, which was approved by the Company's Board of Directors, will result in GITCPL becoming a subsidiary of Zota Health Care Limited.The transaction involved a cash consideration for the purchase of equity shares. Zota Health Care completed the acquisition on June 22, 2026, purchasing 8,000 equity shares of GITCPL for an aggregate cost of Rs. 25,00,000/- (Rupees Twenty Five lakhs Only).
The primary objective of the investment is to provide comprehensive IT solutions to Zota Health Care and its Subsidiaries. These services include cloud-based software development, Android/iOS application creation, website development, and customized ERP software implementation.
Globotask IT Profile
GITCPL is a company specializing in Information Technology (IT) and computer facilities management. Established on November 04, 2022, the company's business encompasses providing made to order software, web-page designing, software support and maintenance, computer disaster recovery, webhosting, and allied IT services.The acquisition was conducted at an arm's length basis and does not fall under related party transactions.
Financial performance of GITCPL over the past three financial years is detailed below:
| Financial Year | Turnover (Rs.) |
|---|---|
| FY 2023-24 | 13.06 Lakhs |
| FY 2024-25 | 8.14 Lakhs |
| FY 2025-26 | 19.28 Lakhs |
The acquisition allows Zota Health Care to bolster its technological infrastructure through GITCPL, enabling specialized delivery of essential IT services across the enterprise and its subsidiaries.
ZOTA Stock Price Movement
Today, Zota Health Care Limited's shares edged higher, settling at ₹1377 after gaining 5.31% in post-market trading. The stock saw a traded volume of 116,285 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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