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Optiemus Infracom Limited ( (IN:OPTIEMUS) ) has provided an announcement.
Optiemus Infracom’s Operations and Administration Committee has approved a significant fresh capital infusion into two wholly owned subsidiaries through rights issues. The company will invest Rs. 156 crore to acquire 5 million equity shares of Optiemus Electronics Limited at Rs. 312 per share, and nearly Rs. 40 crore to buy 1,025,641 shares of GDN Enterprises Private Limited at Rs. 390 per share.
The move strengthens the capital base of both subsidiaries and underscores Optiemus Infracom’s strategy to deepen its commitment to its electronics and related businesses. By funding the growth of Optiemus Electronics and GDN Enterprises via rights-based acquisitions, the parent is consolidating control while positioning the group for expansion in its core operating segments and potential scale-up of manufacturing and allied services.
More about Optiemus Infracom Limited
Optiemus Infracom Limited operates in the Indian telecommunications and electronics space, with activities that include device and electronics manufacturing through its wholly owned subsidiaries. The company is listed on both BSE and the National Stock Exchange of India under the symbol OPTIEMUS, and uses its subsidiary structure to expand its presence across related infrastructure and electronics businesses.
Average Trading Volume: 6,177
Technical Sentiment Signal: Hold
Current Market Cap: 33.7B INR
For an in-depth examination of OPTIEMUS stock, go to TipRanks’ Overview page.