Fischer Medical Ventures (FISCHER) — Board Meeting

📢 Key Event
Board approved conversion of warrants into equity shares

🔄 What Changed
1,42,78,217 shares allotted at ₹23.40 each; ₹25,05,82,708.35 received

💡 Investor Takeaway
The conversion dilutes existing shares and raises significant capital.

Fischer Medical Ventures Limited announced the board-approved allotment of 1,42,78,217 equity shares at ₹23.40 per share, fully paid up upon warrant conversion. The company received ₹25,05,82,708.35 from the exercise of warrants, with 75% paid upfront. Promoter Shankar Varadharajan received 15,00,000 shares, FMV Holdings Pte Ltd received 97,78,217 shares, and Vikasa India Eif I Fund received 30,00,000 shares.

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About Fischer Medical Ventures Limited (FISCHER)

Healthcare · Healthcare Equipment & Supplies · Listed on NSE

Market Cap: ₹2,261.37 Cr P/E: 59.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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