Opto Circuits gets FIPB approval for warrants issue

Opto Circuits (India) Ltd has announced that the Board of Directors of the Company at its meeting held on April 09, 2010, has allotted 15,00,000 Convertible Share Warrants to Mr. Gautam C. Gumnani which was kept pending for Foreign Investment Promotion Board's (FIPB) approval. The Company has now received FIPB approval vide Letter dated April 06, 2010, issued by the Government of India, Ministry of Finance, Department of Economic Affairs, FIPB.

The stock closed the day at Rs.221.60, down by Rs.0.05 or 0.02%. The stock hit an intraday high of Rs.223.80 and low of Rs.220.65.

The total traded quantity was 44889 compared to 2 week average of 86839.

Source : Equity Bulls

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