Foreign funds Lehman Brothers and Alliance Bernstein will invest Rs 41.92 crore for allotment of around 12 lakh shares in Opto Circuits on preferential basis.
An Extra Ordinary General Meeting (EGM) of the shareholders of the company would be held on June 29, to consider the issue of equity on preferential basis to investors, Opto Circuits said in a communique to the Bombay Stock Exchange.
Opto Circuits said it would allot upto 12 lakh shares on a preferential basis to certain investors including -- Lehman Brothers Asia Limited Sub Account- Lehman Brothers India Holdings Cayman II, Alliance Bernstein Hong Kong, subject to shareholders approval.
Read more in The DNA Money article.
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