Opto Raises Rs 400cr Via QIP

Medical diagnostics equipment maker Opto Circuits (India) Limited has raised Rs 400 crore through a qualified institutional placement (QIP), according to its filing with the Bombay Stock Exchange. The firm has now allotted these shares to the buyers and also obtained the listing approval. The Bangalore-based firms QIP opened on September 8 and the shares have been allotted at a price of Rs 186.65.

The shares of of Opto closed at Rs 200.2 today, down by more than 1%.