Optiemus Infracom Limited — Important, 21-02-2025: General Updates

The Operations and Administration Committee of Optiemus Infracom Limited has approved the acquisition of 2.38 crore equity shares in Bharat Innovative Glass Technologies Private Limited (BIGTech) at an offer price of INR 10 per share, amounting to a total investment of INR 23.80 crore. This investment aims to support BIGTech in establishing a manufacturing facility for finished cover glass for mobile devices, ensuring continued control and ownership in the venture. With this acquisition, Optiemus will hold a total of 6.76 crore shares, retaining a 70% stake in BIGTech, which is partnered with Corning International Corporation. The transaction is expected to be completed by March 31, 2025, and will enhance the overall brand image and value creation for stakeholders. Investors should view this as a strategic move that could bolster future growth potential and market presence.