Medical Equipment & Supplies Company Announces Record Date for 1:10 Stock Split
DSIJ Intelligence-1 / 02 Sep 2025/ Categories: Bonus and Spilt Shares, Mindshare, Trending
The company has a market cap of over Rs 6,900 crore and the stock is up over 80 per cent from its 52-week low of Rs 573.60 per share.
Fischer Medical Ventures Ltd. has announced a stock split, which will see each of its Rs 10 face value shares divided into ten shares with a face value of Re 1 each. The company has fixed September 12, 2025, as the record date for this sub-division. This action, approved by shareholders, is intended to improve the stock's liquidity and make it more attractive to a wider range of investors.
About the Company
Fischer Medical Ventures Ltd (FMV), incorporated in 1993 as Fischer Chemic Ltd, has undergone a significant transformation from its initial business of trading chemicals and machinery. While historically a recurring loss-making entity with eroded net worth, the company has strategically diversified its operations, particularly in the medical equipment sector. Now specialising in the development and trading of cutting-edge medical diagnostic and imaging technologies, including MRI systems and portable AI-enabled X-ray machines, FMV is headquartered in Chennai with a manufacturing facility in the Andhra Pradesh MedTech Zone (AMTZ).
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On Tuesday, shares of Fischer Medical Ventures Ltd gained 2.18 per cent to Rs 1,079 per share from its previous closing of Rs 1,056 per share. The company has a market cap of over Rs 6,900 crore and the stock is up over 80 per cent from its 52-week low of Rs 573.60 per share.
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Disclaimer: The article is for informational purposes only and not investment advice.