Opto Circuits (India) Ltd has informed BSE that the company has successfully acquired 76 per cent of outstanding common stock of Cardmc Science Corporation US (Nasdaq:CSCX).
The company plans to exercise its top-up option under the terms of the merger agreement. The merger is expected to occur in the next few days. Following the merger, Cardiac Science will become a wholly-owned subsidiary of Opto Circuits (India) Ltd.
Source: Business Line