Opto Circuits receives FIPB approval for warrants issue

Opto Circuits (India) Ltd has announced that, based on the application filed by the company, the Government of India through FIPB has approved the issue and allotment of 15,00,000 convertible share warrants amounting to Rs. 31.50 Crores. However in the official website of FIPB the amount of inflow is mentioned as Rs. 376.27 crores. The company has communicated to FIPB to make necessary amendments.

The stock closed the day at Rs.216.25, down by Rs.5.75 or 2.59%. The stock hit an intraday high of Rs.224.30 and low of Rs.215.85.

The total traded quantity was 104561 compared to 2 week average of 77486.

Source : Equity Bulls

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