Optiemus Infracom Approves Loan to Subsidiary, Invests in Bigtech

Optiemus Infracom Ltd's Operations & Administration Committee has approved entering into a loan agreement with its wholly-owned subsidiary, GDN Enterprises Private Limited, for an unsecured loan up to ₹100 Crores. This loan is intended to support GDN's business operations and working capital requirements over a 3-year period. Additionally, the committee approved the acquisition of 1,07,99,460 equity shares of Bharat Innovative Glass Technologies Private Limited ("Bigtech"), a joint venture and subsidiary, through a rights issue. This investment amounts to ₹10,79,94,600 and aims to fund Bigtech's manufacturing facility setup, maintain ownership control, and enhance stakeholder value. The acquisition is expected to be completed within 90 days and is considered a related party transaction conducted on an arm's length basis.