Corporate Action17 Aug 2026, 06:00 pm
Fischer Medical Ventures Allots 4.54 Lakh Shares on Warrant Conversion
AI Summary
Fischer Medical Ventures Ltd announced the allotment of 4,54,210 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 conversion was exercised by FMV Holdings Pte Ltd, a promoter entity, upon payment of the remaining exercise price of ₹17.55 per warrant. This transaction raised ₹79,71,385.50 for the company. The allotment was approved by the Board of Directors via a circular resolution dated August 17, 2026.
Key Highlights
- 4,54,210 equity shares allotted upon warrant conversion.
- Promoter entity FMV Holdings Pte Ltd exercised the warrants.
- Total funds raised from conversion amount to ₹79,71,385.50.
- Shares issued at ₹23.40 each, including a premium.
Price Impact
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