Corporate Action12 Aug 2026, 07:02 pm
Fischer Medical Ventures Allots 66.3 Lakh Shares on Warrant Conversion
AI Summary
Fischer Medical Ventures Ltd announced the allotment of 66,31,664 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 company received ₹11,63,85,703 in cash, representing 75% of the exercise price for the converted warrants. The allottees include Mr. Shankar Varadharajan and FMV Holdings Pte Ltd, both categorized as promoters.
Key Highlights
- 66.3 Lakh equity shares allotted upon warrant conversion.
- Total consideration received is ₹11.64 Crore.
- Shares issued at ₹23.40 each, with a premium of ₹22.40.
- Allottees are promoters, including Mr. Shankar Varadharajan and FMV Holdings Pte Ltd.
Price Impact
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