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Medical equipment maker Opto Circuits (India) Ltd on Tuesday said it plans to raise funds of as much as $250 million by issuing securities.
The board approved raising funds by issuing securities, including global depository receipts (GDRs), American depository receipts (ADRs) and convertible debentures, bonds or warrants up to an aggregate amount not exceeding $250 million, the company said in a BSE filing.
Opto Circuits said the board also approved increasing the authorised share capital to Rs 700 crore from Rs 300 crore at present and making amendments to the memorandum of association in this regard.
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