Optiemus Infracom Limited — JV/Acquisition, 24-03-2025: Acquisition

Optiemus Infracom Limited has announced a board meeting to approve the acquisition of 2.1 crore equity shares (INR 21 crore total) of its joint venture subsidiary, Bharat Innovative Glass Technologies Private Limited (BIGTech). This investment supports BIGTech in establishing its manufacturing facility for advanced cover glass used in mobile devices. The acquisition maintains Optiemus's control in BIGTech, with total shareholding rising to 8.87 crore shares (70%). The transaction is projected to complete within 120 days and is expected to enhance the brand's value and stakeholder benefits.