VLCC Health Care accumulates Rs 37 Cr from a foreign entity
VLCC aims to utilise the funds for adequate capital requirements and elongate its business and subsidiaries as an outstanding domestic beauty and wellness company. VLCC Health Care Limited, which is set to launch an initial share sale, has accumulated nearly Rs 37 crore by trading 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, as per a filing made by the company to the corporate affairs ministry. As per the filing, the company’s shareholders sanctioned the allotment during their meeting on September 27. In August, the company filed the…