Opto Circuits Board approves Right Issue

The Board of Directors of Opto Circuits (India) Ltd at its meeting held on August 13, 2013, has approved issue of right equity shares to the existing shareholders of the Company in the ratio of One (1) Equity share for every Six (6) Equity shares held at the rate of Rs. 31/- per share, to raise about Rs.125 crores subject to all necessary approvals.

Shares of Opto Circuits (India) Ltd was last trading in BSE at Rs.24.70, down by Rs.1.85 or 6.97%. The stock hit an intraday high of Rs.27.30 and low of Rs.23.10.

The total traded quantity was 14.01 lakhs compared to 2 week average of 21.50 lakhs.

Source : Equity Bulls

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