Investment24 Jul 2025, 06:12 pm
Optiemus Infracom to Invest Rs. 26,86 Crore in Wholly Owned Subsidiary GDN Enterprises
AI Summary
Optiemus Infracom Ltd. has approved a further investment of Rs. 26,86 Crore in its wholly owned subsidiary GDN Enterprises Private Limited. The investment will be made by acquiring 6,88,820 equity shares having a face value of Rs. 10 each, at a price of Rs. 390 each, which includes a premium of Rs. 380 each. This investment is aimed at supporting GDN's fund requirements for working capital and business operations, maintaining ownership and control, enhancing brand image, strengthening the balance sheet, and diversifying risk.
Key Highlights
- Optiemus Infracom to invest Rs. 26,86 Crore in GDN Enterprises
- Investment through acquisition of 6,88,820 equity shares
- Aimed at supporting GDN's fund requirements and maintaining ownership
- Expected to enhance brand image and strengthen balance sheet
- Transaction to be completed within 90 days