Optiemus Infracom enhances corporate guarantee to ₹55 Cr for subsidiary

Optiemus Infracom Ltd's Operations and Administration Committee has approved increasing the corporate guarantee provided to Axis Bank Limited for its wholly-owned subsidiary, Optiemus Electronics Limited (OEL). The guarantee amount has been enhanced from ₹30 Crores to ₹55 Crores to secure credit facilities availed or to be availed by OEL. This corporate guarantee will be treated as a contingent liability for Optiemus Infracom. The transaction is conducted on an arm's length basis, and the promoter/promoter group has no interest in this transaction.