November 29, 2006
The media had reports that Opto Circuits (India) Limited is close to announcing an overseas acquisition.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Opto Circuits (India) Limited has vide its letter inter-alia stated, "We would like to clarify that as a part of its business strategy, Opto Circuits (I) Ltd. is on a constant lookout for acquisitions and during this process, the company has approached a number of companies here and abroad. However, the company is yet to finalize any such deal. The aforesaid news mentioned in the media has not been provided by the Company and the Company denies such developments at the moment. We will inform the Stock Exchanges about any such development."
Source: National Stock Exchange of India Limited
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