Announced Tue, 22 Sept, 2026 · 12:38 IST
Optiemus forms JV with Nothing for CMF smartphone products, takes 51.1% stake
OPTIEMUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+40.3%1-day move
₹591.50
prior close
₹708.90
base price
In-mkt
timing
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+0.0+0.0+0.0+0.0+40.3+31.5+28.5+36.6+34.2+36.2————
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AI summary
Optiemus Infracom's board approved a binding term sheet with Nothing Electronics to set up a JV for CMF products including mobile phones and components. Optiemus will initially acquire 51.1% in the new JV at face value. This expands the September 2025 manufacturing partnership, with Optiemus also joining Nothing's Series A round for CMF. Each party will nominate one director to the JV board, targeting India's first end-to-end smartphone R&D capability.
Likely market impact
Strengthens Optiemus's smartphone business via deeper JV with Nothing/CMF, which grew 83% YoY in India. Positive long-term, subject to definitive agreements.