Malabar India increased its stake in Virtuoso Optoelectronics from 7.91% to 9.99%, acquiring 732,600 additional shares. The total value of the increased stake is ₹36.54 crore at a share price of ₹498.85. This transaction indicates a preferential allotment.
A manufacturer of white goods and provider of electronics manufacturing services, Virtuoso Optoelectronics operates across the Indian consumer appliances and electronics sectors. Incorporated in 2015, the company produces home appliances while offering outsourced electronics manufacturing solutions to diverse clients. Its dual business model combines retail product manufacturing with contract manufacturing services for industrial and commercial customers seeking specialized production capabilities.
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