Acquisitions30 Jun 2026, 10:49 am
Optiemus Infracom Approves ₹10.8 Cr Bigtech Share Acquisition & ₹100 Cr Loan
AI Summary
Optiemus Infracom Ltd's Operations & Administration Committee has approved acquiring 1,07,99,460 equity shares in Bharat Innovative Glass Technologies Private Limited (Bigtech), a joint venture and subsidiary, for ₹10.8 Crores via rights issue. This acquisition aims to support Bigtech's manufacturing facility setup and maintain ownership. Additionally, the company will grant an unsecured loan of up to ₹100 Crores to GDN Enterprises Private Limited, a wholly-owned subsidiary, to support its business operations and working capital. Both transactions are considered related party transactions but are conducted on an arm's length basis.
Key Highlights
- Acquires 1,07,99,460 shares in Bigtech for ₹10.8 Cr via rights issue.
- Grants unsecured loan up to ₹100 Cr to subsidiary GDN Enterprises.
- Transactions are related party but conducted on arm's length basis.
- Acquisition aims to support Bigtech's manufacturing and maintain control.
- Loan to GDN supports operations and working capital needs.
Price Impact
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