Fischer Medical Ventures Ltd Allots 60 Lakhs Equity Shares Upon Conversion of Warrants

Fischer Medical Ventures Ltd has allotted 60,00,000 equity shares having a face value of Re. 1/- each at an issue price of Rs. 23.40/- (including a premium of Rs. 22.40 per share) fully paid up. This allotment is pursuant to the conversion of 60,00,000 Convertible Warrants by the Share Warrant Holder, who is a Promoter Category person. The allotment has been made for cash, upon the receipt of the remaining exercise price of Rs. 17.55/- per warrant, aggregating to Rs. 10,53,00,000/-. The allottee is Mr. Shankar Varadharajan, who is a Promoter.