Manufacturer of medical diagnostics and cardiac products Opto Circuits (India) is planning to raise about USD 20 million from strategic investors in the U.S; in attempt to realise its plans to venture into the U.S. market with its range of cardiac care products, reports Business Standard.
Opto Circuits the Bangalore-based company will use the amount raised, to fund its expansion in the U.S market.
In addition, the company is further planning to issue warrants to its promoters to raise additional resources, to fund its future plans.
Source : My IRIS