Virtuoso Optoelectronics Limited announced a private placement of 2,456,140 Equity Shares at a price of INR 142.50 per Equity Share for total gross proceeds of INR 34,99,99,950 on January 30, 2023. The transaction will include participation from new investors Ashish Kacholia for 1,228,070 shares, and Bengal Finance and Investment Pvt. Ltd. for 1,228,070 shares.

The transaction is approved by Board of directors of the company.