Optiemus Infracom Limited has informed the Exchange about signing of Binding Term Sheet between the Company and Nothing
OPTIEMUS · price
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Optiemus Infracom has signed a binding term sheet with Nothing Electronics Private Limited (affiliate of London-based tech company Nothing) to set up a strategic joint venture for manufacturing electronic products under the Nothing and CMF brands. Both companies will jointly invest over USD 100 million and create more than 1,800 jobs in India over the next three years. As part of the broader announcement, CMF (previously a sub-brand of Nothing) will become an independent subsidiary with India as its global headquarters for operations, R&D, and manufacturing. The deal is subject to statutory approvals and customary conditions precedent. Nothing recently closed a USD 200 million Series C funding round at a USD 1.3 billion valuation led by Tiger Global, with Nikhil Kamath also joining as an investor.
Positive for shareholders — this marquee partnership with a globally recognised smartphone brand positions Optiemus as a key manufacturing partner for Nothing's expansion in India, potentially opening up a significant new revenue stream, export opportunities, and long-term growth in line with the Make in India initiative. The stock may see positive momentum given the scale of investment and brand association.