Optiemus Infracom Limited has informed the Exchange about Acquisition
OPTIEMUS · price
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Optiemus Infracom's Operations & Administration Committee approved investing a total of around Rs. 196 crore to acquire additional equity shares in its two wholly owned subsidiaries. It will buy 50 lakh shares of Optiemus Electronics Limited (OEL) at Rs. 312 per share for Rs. 156 crore, and 10.26 lakh shares of GDN Enterprises Private Limited at Rs. 390 per share for Rs. 40 crore. Both acquisitions are on a rights basis, will be paid in cash, and are expected to complete within 90 days. OEL manufactures mobile phones, hearables, and IT hardware (FY25 turnover Rs. 231 crore), while GDN is an electronics manufacturing services company and a PLI scheme beneficiary (FY25 turnover Rs. 1,110 crore). The funds will support working capital needs of the subsidiaries and help Optiemus maintain 100% ownership and control.
This is a Rs. 196 crore capital infusion into subsidiaries which may pressure Optiemus's cash position in the short term, but is aimed at strengthening its electronics manufacturing business. Shareholders should see this as a growth-oriented deployment of capital into existing subsidiaries rather than a new business expansion, with long-term value creation dependent on subsidiaries' ability to scale up.