VLCC Health Care Limited, which is set to come out with an initial share sale, has raised nearly Rs 37 crore by selling shares to a foreign entity.
As many as 6,27,804 equity shares have been issued for around Rs 37 crore to Bahamas-based Zall Holdings Ltd, according to a filing made by the company to the corporate affairs ministry.
A leading homegrown beauty and wellness company, VLCC will utilise the funds towards working capital requirements and for expanding its business as well as that of its subsidiaries.
