Hemant Surgical Industries Allots 6,49,600 Shares to Singularity Equity Fund 1 After Warrant Conversion
Hemant Surgical Industries has allotted 6,49,600 shares, equating to a 5% stake, to Singularity Equity Fund 1 (Madhusudan Kela) through warrant conversion. Following this allotment, Singularity Equity Fund 1's total shareholding in the company has risen to 6.9%. The transaction marks the completion of warrant conversion by the fund in Hemant Surgical Industries.
Hemant Surgical Industries Unveils Rs. 92.59 Crore Fundraising Plan Through Preferential Issue
Hemant Surgical Industries Limited, a Mumbai-based medical equipment manufacturer, has approved a Rs. 92.59 crore fundraising plan through a preferential issue of equity shares and convertible warrants. The plan includes issuing 26 lakh equity shares at Rs. 197 per share to raise Rs. 51.22 crore, and 21 lakh convertible warrants at Rs. 197 each to raise Rs. 41.37 crore. Key investors include Wealthwave Capital Fund and Singularity funds. The company will also increase its authorized capital to Rs. 16 crore. An EGM is scheduled for August 30, 2025, for shareholder approval. Post-issuance, promoter shareholding is expected to decrease from 70.53% to 52.59%.