Opto Circuits has received shareholders approval for an issue of more shares on a preferential basis to its promoters.

Vinod Ramnani the CMD of the company has said that allotment has been made at Rs 15 per share.

This move is for consolidating all subsidiaries of the company in order to focus on the core business.

He further said that the issue is not a fresh one. “We are swapping whatever was on the books, invested by the promoters that would be taken at Rs 15.”

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