Optiemus Infracom Limited — Important, 10-01-2025: General Updates

The Committee of the Board of Directors of Optiemus Infracom Limited has approved the acquisition of 1,47,00,000 equity shares (face value of INR 10/- each) in its subsidiary, Bharat Innovative Glass Technologies Private Limited (“BIGTech”), at an offer price of INR 10/- per share. This results in a total investment of INR 14.70 crore. The objective is to support BIGTech’s funding needs for setting up a manufacturing facility and other business operations while maintaining ownership and control over the joint venture, enhancing brand image and stakeholder value.

The transaction will close by March 20, 2025, and does not require prior government or regulatory approvals. After the acquisition, Optiemus will hold a total of 4,38,64,800 shares (70%) in BIGTech, which specializes in producing finished cover glass for mobile consumer electronics. This strategic move positions Optiemus to leverage growth opportunities in the evolving tech landscape. Investors should consider this as a positive outlook for future growth.