India: IPO-bound VLCC Health Care raises funding via share sale to foreign entity

Photo: Mint

Ahead of its planned initial public offering (IPO), VLCC Health Care Ltd has raised nearly 37 crore by selling shares to a foreign entity.

The homegrown beauty and wellness company issued as many as 6,27,804 equity shares for around 37 crore to Bahamas-based Zall Holdings Ltd, according to a filing by VLCC Health Care to the Ministry of Corporate Affairs.

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