Optiemus Infracom Limited has informed the Exchange about Acquisition
OPTIEMUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Optiemus Infracom has approved an additional investment of about Rs. 26.86 crore in its wholly owned subsidiary GDN Enterprises Private Limited by acquiring 6,88,820 equity shares at Rs. 390 each (including Rs. 380 premium) on a rights basis. GDN is a manufacturing company with FY25 turnover of around Rs. 1,110 crore and net worth of about Rs. 105 crore. The investment is a related party transaction (common directors) but is being done at arm's length, with the price based on an independent valuer's report. The funds will be used to support GDN's working capital and capex needs, while Optiemus maintains full ownership and control. No government or regulatory approvals are needed, and the deal is expected to close within 90 days.
This is a routine capital infusion into a wholly owned subsidiary using cash on hand, so there is no material dilution or cash drain for retail shareholders. It strengthens Optiemus's control over GDN and could support consolidated earnings over time, though near-term stock impact is likely neutral.