Fischer Medical Ventures Allots 2.05 Cr Shares on Warrant Conversion

Fischer Medical Ventures Ltd announced the allotment of 2,05,05,909 equity shares following the conversion of warrants. The shares were issued at a price of ₹23.40 each, including a premium of ₹22.40 per share. The total amount raised from this conversion is ₹35,98,78,702.95. This move involved both promoter and non-promoter categories, with Mr. Shankar Varadharajan, FMV Holdings Pte Ltd, and Vritti Hitesh Kawa being the primary allottees. The exercise price received was ₹17.55 per warrant, representing 75% of the total exercise price.