VC Fund Investments
Wellness chain VLCC Health Care raises Rs.37-Cr more from Bahamas's Zall Holdings
New Delhi-based VLCC Health Care Ltd has raised nearly INR 37 crore by selling shares to a foreign entity. As many as 6,27,804 equity shares have been issued for around INR 37 crore to Bahamas-based Zall Holdings Ltd. A homegrown beauty and wellness company, VLCC will use the funds towards working capital requirement and for expanding its business as well as that of its subsidiaries. In addition, the proceeds would be used for refurbishment of certain existing VLCC Wellness Clinics in India and GCC region, brand development, investment in digital and information technology infrastructure and for repayment of debt.
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