Fischer Medical raises US$3.4M in warrant conversion

What's the deal? Fischer Medical VenturesDealroom has a profile for this one. Try Dealroom → has raised US$3.4M by converting share warrants into equity, the company said on August 13, 2026. Its board approved the allotment of 1,42,78,217 shares at US$0.32 each.

Who put in the money? Capital came from promoter and non-promoter entities, including promoter Shankar Varadharajan, FMV Holdings Pte Ltd and Vikasa India EIF-I FundDealroom has a profile for this one. Try Dealroom →. The sum represents the remaining 75% of the warrant exercise price.

What changes now? The conversion increases Fischer Medical Ventures' paid-up equity share capital and changes its ownership structure, with a larger equity base also affecting earnings per share for existing shareholders.

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