Investment2 April 2026 at 10:58 am
Optiemus Infracom Ltd Revises Rights Issue Approval for Subsidiary Optiemus Electronics Limited
AI Summary
Optiemus Infracom Ltd has revised its earlier approval for further investment in its subsidiary, Optiemus Electronics Limited (OEL). The decision comes after OEL reassessed its funding requirements and found that the proposed infusion of funds through a rights issue is not necessary at this stage. The initial approval, dated March 9, 2026, has been revised accordingly.
Key Highlights
- Optiemus Infracom Ltd revises its investment approval for Optiemus Electronics Limited
- OEL reassesses its funding requirements and finds that the proposed rights issue is not necessary at this stage
- The decision is based on OEL's current working capital position