Announced Tue, 22 Sept, 2026 · 12:32 IST
Optiemus to set up JV with Nothing for CMF smartphones, acquires 51.1 percent 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
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AI summary
Optiemus Infracom has signed a binding term sheet with Nothing Electronics, affiliate of London-based Nothing, to form a joint venture for making and selling CMF smartphones and components. Optiemus will initially hold 51.1 percent of the JV at face value, with equal board representation. The JV expands their September 2025 manufacturing partnership and aims to build India's first end-to-end smartphone R&D capability. Optiemus will also join CMF's upcoming Series A funding round.
Likely market impact
Strengthens Optiemus's smartphone manufacturing tie-up with a fast-growing global brand; positive for long-term growth and R&D capability.