Opto Circuits India to issue 20 lakh warrants to Vinod Ramnani

The Board of Directors of Opto Circuits (India) Ltd at its meeting held on December 20, 2012, has approved the issue of 20,00,000 convertible warrants to Mr. Vinod Ramnani at Rs. 145/- per convertible warrant or as per the pricing formula as stipulated in SEBI's (ICDR) Regulations 2009, which ever is higher. The issue of shares is subject to satisfactory receipt of all statutory, regulatory, corporate and other approvals including shareholders through Postal Ballot, as may be required.

The Opto Circuits (India) Ltd stock was trading at Rs.109.70, up by Rs.4 or 3.78%. The stock hit an intraday high of Rs.111 and low of Rs.106.10.

The total traded quantity was 8.98 lakhs compared to 2 week average of 3.15 lakhs.

Source : Equity Bulls

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