Opto Circuits converts 15 lakh Share warrants into equity shares

Opto Circuits (India) Ltd has announced that 15,00,000 convertible share warrants were allotted to Mr. Gautham Gumnani on April 09, 2010, on receipt of FIPB approval dated April 06, 2010, which is within 15 days from The FIPB Approval. The Company has converted 3,75,000 of these Convertible warrants into 3,75,000 equity shares and allotted the same to Mr. Gautham G. Gumnani on June 14, 2010.

The stock closed the day at Rs.229.50, down by Rs.0.60 or 0.26%. The stock hit an intraday high of Rs.231.60 and low of Rs.226.

The total traded quantity was 25399 compared to 2 week average of 167445.

Source : Equity Bulls

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