Management

Opto Circuits raises Rs 400 cr from QIP issue

Bangalore-based maker of medical diagnostic equipment, Opto Circuits (India) Limited has raised Rs 400 crore from qualified institutional buyers (QIBs). - ING Vysya Bank raises Rs 230 cr through QIP issue - Ackruti City QIP to open on Sept 3 - Jindal Cotex IPO subscribed 62% on third day - Prakash Industries to raise up to Rs 500 cr - HDFC: Cashing in at the right time - HDFC to raise over Rs 4,000 crore through QIBs The company"s QIP issue which opened on September 8 closed late evening on the same day following a huge response from QIBs. The company"s QIP committee had fixed Rs 186.63 as the floor price per equity share of Rs 10 each. The committee has authorised Vinod Ramnani, chairman and managing director, Opto Circuits, Jayesh Patel and Rajkumar Raisinghani, directors of the company to to inform the stock exchanges and filing of applications for seeking listing and trading permissions in respect of the shares from the stock exchanges.

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