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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. […] Anil Ambani Group company Reliance Capital has acquired equity stake in Precision Wires India, a maker of enamelled copper wires, for Rs 17.7 crore. The Board of Directors of Precision Wires allotted 10 lakh shares at a price of Rs 177.15 each upon conversion of convertible debentures to Reliance Capital Trustee Company on account of Reliance Tax Saver (ELSS) Fund. […] Mumbai-based Temptation Foods (TFL), a frozen food marketer, is understood to be inking a deal with HLL to acquire its marine product business division for around Rs 100-120 crore. The deal would also include transfer of the people managing the marine business in HLL to TFL. HLL’s marine division exports products like crabsticks, shrimps and fish fillets among others. The company had earlier short-listed four bidders for the sale. […] |