Optiemus Infracom Limited — Board Meeting, 12-12-2024: Outcome of Board Meeting

The Board of Directors of Optiemus Infracom Limited has approved a preferential issue of up to 21,85,884 equity shares at an issue price of ₹672.25 each, totaling approximately ₹146.94 Cr. This issue is directed towards several non-promoter entities, subject to shareholder and regulatory approvals. Additionally, the Board endorsed terms for the issue of up to 42,76,106 fully convertible warrants at the same price, convertible within 18 months, amounting to about ₹287.46 Cr, to a mix of promoter and non-promoter allottees. A preferential allotment committee has been constituted, and an Extra-Ordinary General Meeting is planned to seek shareholder approval.