Optiemus Infracom Limited has informed the Exchange about Acquisition
OPTIEMUS · price
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Optiemus Infracom will invest approximately Rs. 26.86 crore in its wholly owned subsidiary GDN Enterprises Private Limited by acquiring 6,88,820 equity shares at Rs. 390 each (face value Rs. 10, premium Rs. 380) through a rights issue. GDN is an electronics manufacturer specialising in mobile phone assembly and EMS, with FY25 turnover of about Rs. 1,110 crore and net worth of Rs. 104.67 crore. The funds will be used by GDN for working capital, capital expenditure, and business expansion. The transaction is a related-party deal (common directors) but has been carried out at arm's length based on an independent valuation. Optiemus already holds 47,19,349 shares in GDN, and after this acquisition will hold 54,08,169 shares, remaining a wholly owned subsidiary.
This is an internal capital infusion into an existing wholly owned subsidiary, so the consolidated financials of Optiemus remain largely unchanged. It is mildly positive as it strengthens GDN's balance sheet to fund growth in the electronics manufacturing business, but offers no direct value unlocking for shareholders.