Opto circuits issues convertible warrants

Mumbai, May 24 (UNI) Opto Circuits India Ltd has informed BSE that the board of directors of the Company has proposed to issue upto 12,00,000 convertible warrants on preferential basis to promoters, directors and employess of the company.

The issue is being made on preferential basis at an approximate price of Rs 360 per share (face value of Rs 10) and premium Rs 350 per share which is in accordance with the ''Guidelines for Preferential Issues'' prescribed under SEBI (Disclosure and Investors Protection) Guidelines, 2000.

UNI