Zota Health Care Limited signs MOU for Acquisition of 80% Stake in Globotask IT Consultancy Services
Zota Health Care Limited has entered into a Memorandum of Understanding (MOU) with M/s Globotask IT Consultancy Services Private Limited (GITCL). The agreement grants the Company an 80% stake in GITCL, which is owned by existing Promoters, Directors, and Shareholders.The transaction involves Zota Health Care acquiring 8,000 equity shares of GITCL against an aggregate consideration of Rs. 25,00,000/- (Rupees Twenty Five lakhs Only). This strategic move aims to bolster the Company's in-house technological capabilities by formalizing a partnership with GITCL.
In view of this announcement, Zota Health Care stated that its trading window would remain closed from June 19, 2026, until 48 hours after the announcement of the acquisition.
Strategic Purpose and Transaction Details
The core purpose of entering into the agreement is for GITCL to provide specialized IT solutions to Zota Health Care Limited and its Subsidiaries. These services include cloud-based software development, website development, customized ERP software, and Android/iOS application creation.Details regarding the parties involved in the acquisition are summarized below:
| Particulars | Details |
|---|---|
| Parties Involved | M/s Globotask IT Consultancy Services Private Limited (GITCL), Mr Digbijoy Sharma, Mr Subhro Das and Mr Rohit P Das. |
| Stake Acquisition | 80% stake through the acquisition of 8,000 equity shares of GITCL. |
| Consideration Amount | Rs. 25,00,000/- (Rupees Twenty Five lakhs Only). |
| Nature of Relationship | The transaction does not fall under related party transactions as the promoters and their group have no interest in GITCL. |
The MOU confirms that there is no current shareholding held by Zota Health Care Limited in GITCL. Furthermore, the parties involved hold no relationship with the promoter or promoter group of Zota Health Care Limited.
ZOTA Stock Price Movement
Today, the stock of Zota Health Care Limited rallied to close at ₹1307.6, posting a gain of 1.38% in trading. The security saw significant activity during the session, with a total traded volume reaching 166,132 shares.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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