Opto Circuits raises Rs 400 cr via share sale

Healthcare equipment maker Opto Circuits India today said it has raised about Rs 400 crore through the issue of shares to qualified institutional buyers on a private placement basis.

The company, on September 15, allotted 2.14 crore shares under qualified institutional placement (QIP) at a price of Rs 186.65 a piece, Opto Circuits India said in a filing to the Bombay Stock Exchange (BSE).

"The company has also obtained the listing approval for these shares," it further said. Shares of Opto Circuits India were trading at Rs 200.50, down 0.96 per cent in afternoon trade on the BSE.