Opto recommends dividend and bonus

The board has recommended to issue seven shares for every 10 held subject to approval of the shareholders. Further, it has declared a dividend of 50 per cent, at the rate of Rs 5 on every share of face value of Rs 10, Opto Circuits said in a filing to the BSE.     

Shares of Opto Circuits closed at Rs 344.55, up 3.56 per cent on the BSE.