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Fischer Chemic touches roof on getting nod to acquire 100% stake in Time Medical International Ventures

Fischer Medical Ventures Ltd. | Trading | Miscellaneous | BSE: 524743 | NSE: FISCHER

18 Dec 2023 Evaluate

Fischer Chemic is currently trading at upper limit of Rs. 199.70, up by 3.90 points or 1.99% from its previous closing of Rs. 195.80 on the BSE.

The scrip opened at Rs. 199.70 and has touched a high and low of Rs. 199.70 and Rs. 199.70 respectively. So far 71 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.70 on 18-Dec-2023 and a 52 week low of Rs. 66.80 on 04-Oct-2023.

Last one week high and low of the scrip stood at Rs. 199.70 and Rs. 161.15 respectively. The current market cap of the company is Rs. 49.93 crore.

The Non-Institutions held 100.00% stake in the company.

Fischer Chemic has received approval for acquisition of 100% of the Share Capital of Time Medical International Ventures (India) (Target Company). The Board has approved the execution of a Share Purchase and Share Subscription Agreement between the Company, Time Medical International Ventures (India) and their shareholders (SPSSA) and execution of other necessary documents regarding the Proposed Transaction, whereby the Company agrees to acquire 100% of the share capital of the Target Company.

With this acquisition, Company will make an entry into the growing market of diagnostic imaging industry with innovative and disruptive technologies. The acquisition will provide access to entirely new business vertical and shall give advantages of complementary skill sets and result in significant benefits such as, greater market penetration, enhanced product offerings and innovative range of products, entry into new markets, new process learnings, availability of highly skilled man power, input cost optimisation and potential sourcing benefits.

Fischer Chemic is engaged in the trading of certain grades of Laboratory Chemicals.

Fischer Medical Share Price

40.80 0.22 (0.54%)

17-Apr-2026 16:59 View Price Chart

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Fischer Chemic touches roof on getting nod to acquire 100% stake in Time Medical International Ventures

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