Investment24 Mar 2025, 05:28 pm
Optiemus Infracom Invests INR 21 Crore in Bharat Innovative Glass Technologies
AI Summary
Optiemus Infracom Ltd. has approved an investment of INR 21,00,00,000 in Bharat Innovative Glass Technologies Private Limited (BIGTech), a joint venture cum subsidiary company. The investment will be made by subscribing to the right issue of BIGTech, acquiring 2,10,00,000 equity shares at a price of INR 10 each. The purpose of the investment is to support BIGTech's fund requirements for setting up a manufacturing facility and other business-related expenses, maintain ownership and control in the joint venture cum subsidiary company, and enhance brand image and value creation for stakeholders.
Key Highlights
- Optiemus Infracom to invest INR 21,00,00,000 in Bharat Innovative Glass Technologies
- Investment will be made by subscribing to the right issue of BIGTech
- Purpose of investment is to support BIGTech's fund requirements and maintain ownership
- Expected to enhance brand image and value creation for stakeholders
- Transaction is expected to be completed within 120 days