Execution of Memorandum of Understanding for Acquisition of 80% stake in M Globotask IT Consultancy Services…

ZOTA: Zota Health Care Limited has informed the Exchange about Execution of Memorandum of Understanding for Acquisition of 80% stake in M/s Globotask IT Consultancy Services Private Limited. Promoters, Directors and Shareholders of GITCL, for acquisition of 80% stake by acquiring 8,000 equity shares. of GITCL against the aggregate consideration of Rs. 25,00,000/- (Rupees Twenty Five lakhs Only).

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date
• We expect this quarterly cash loss of around INR20 crore to be eliminated over the next two to three quarters (management committed by Q4 FY27)
• For example, last year we opened around 600 COCO stores, and this year we are planning to open approximately 8 (management committed by FY26)