Vinod Ramnani: CMD of Opto Circuits
Opto Circuits (India), a manufacturer of patient monitoring systems, is set to buy out the US-based Cardiac Science Corporation in an all-cash, $54.8 million deal. Through this deal, Opto Circuits is expected to expand its presence in the non-invasive diagnostic monitoring sector and enter the highgrowth automated external defibrillation market.
IVRCL Assets & Holdings, an infrastructure development company, has raised Rs 150 crore through the preferential allotment of 1.16 crore equity shares at Rs 129 each to Ascent India Fund III, a private equity fund. It intends to use the proceeds to fund various projects that are currently in different stages of development and construction.