Opto Circuits (India) Ltd has informed BSE that the company has acquired US-based Unetixs Vascular Inc for a cash consideration of approximately $9.7 million.
The US-based entity designs and manufactures technically advanced, USFDA approved non-invasive vascular diagnostic systems.
It is a specialist in the detection of peripheral arterial disease (PAD).
Shares of Opto Circuits traded lower by 1 per cent during the morning trading session on Tuesday.
At 11am, the stock was trading at Rs 260.45, down Rs 2.95 or 1.12 per cent.