Joint Venture14 May 2024, 09:07 pm
Optiemus Infracom Approves INR 29 Crore Investment in Bharat Innovative Glass Technologies
AI Summary
Optiemus Infracom Ltd announced that its Board of Directors has approved the acquisition of 2,90,50,000 equity shares in Bharat Innovative Glass Technologies Private Limited (BigTech) for INR 29 crore. The investment is aimed at supporting BigTech's fund requirements, maintaining control, enhancing brand image, and strengthening the balance sheet.
Key Highlights
- Optiemus to invest INR 29 crore in BigTech
- Acquisition of 2,90,50,000 shares in BigTech
- To support BigTech's manufacturing facility
- Maintain control and ownership in the JV
- Enhance brand image and add value