Investment10 Sept 2025, 03:49 pm
Optiemus Infracom to Invest Rs. 7,69,99,728 in Wholly Owned Subsidiary Optiemus Electronics Limited
AI Summary
Optiemus Infracom Ltd. has approved further investment of Rs. 7,69,99,728 in its Wholly Owned Subsidiary, Optiemus Electronics Limited (OEL). The investment will be made by acquiring 2,46,794 equity shares having a face value of Rs. 10/- each, at a price of Rs. 312/- each, including a premium of Rs. 302/- each. This investment is aimed to support OEL's fund requirements, maintain ownership and control, enhance brand image, strengthen the balance sheet, and diversify risk. The transaction is expected to complete within 90 days.
Key Highlights
- Optiemus Infracom to invest Rs. 7,69,99,728 in Optiemus Electronics Limited
- Investment to support OEL's fund requirements and enhance business operations
- Transaction maintains ownership and control, enhances brand image, and strengthens the balance sheet
- Expected completion within 90 days
- OEL is a Wholly Owned Subsidiary of Optiemus Infracom Ltd., involved in manufacturing of mobile phones, hearable & wearables, IT Hardware and other Telecom Products