Optiemus Infracom Limited — JV/Acquisition, 24-07-2025: Acquisition
24-07-2025 | 06:04 pm
24-07-2025 | 06:04 pm
Optiemus Infracom is injecting Rs 26.86 Cr into its wholly-owned subsidiary, GDN Enterprises, by acquiring additional shares. This investment is crucial for boosting GDN's working capital and funding its business expansion. GDN is a significant electronic manufacturing services (EMS) player, a beneficiary of the PLI scheme, and produced mobile phones for over 10 brands. With an FY25 turnover of Rs 1109.93 Cr and net worth of Rs 104.66 Cr, this strategic move strengthens Optiemus's balance sheet, enhances its financial flexibility, and reinforces its market position in the electronics manufacturing sector.
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