Shankar Varadharajan & Others Acquire Stake in Fischer Medical Ventures
Fischer Medical Ventures Ltd has announced a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, detailing an acquisition by Mr. Shankar Varadharajan and FMV Holdings Pte Ltd, along with Persons Acting in Concert (PAC) Mr. Ravindran Govindan. The acquisition, primarily through a Preferential Allotment upon conversion of warrants, has increased their combined shareholding. Before the acquisition, the acquirer group held approximately 62.66% of the total share capital. After the acquisition, their holding stands at approximately 63.00% of the total share capital and 63.08% of the total diluted share capital. The total equity shares capital of the company has increased post-acquisition.
Key Highlights
- Acquisition by Shankar Varadharajan, FMV Holdings, and Ravindran Govindan.
- Transaction executed via Preferential Allotment upon warrant conversion.
- Combined shareholding increased to 63.00% of total capital.
- Total diluted shareholding stands at 63.08% post-acquisition.
- Company's equity share capital has seen an increase.
Price Impact
More from FISCHER