Shares of medical devices firm Opto Circuits today fell 5.5 per cent as the company's step-down subsidiary in the US filed for bankruptcy to facilitate debt restructuring.
The stock slipped 4.89 per cent to settle at Rs 15.55 on BSE. During the day, it plunged 6.72 per cent to Rs 15.25 -- its 52-week low.
At NSE, shares of the company were down 5.48 per cent to close at Rs 15.50.
Volume wise, 6.82 lakh shares of the company changed hands at BSE and over 19 lakh shares were traded at NSE during the day.
Cardiac Science Corporation, USA, a step-down overseas subsidiary company of Opto Circuits, has filed voluntary petition under Chapter 11 of the US Bankruptcy code to facilitate debt restructuring, Opto Circuits India said in a regulatory filing yesterday.
The Bengaluru-based firm manufactures various medical products including automated external defibrillators (AEDs), vascular diagnostic equipment and drug eluting stents.
