Optiemus Infracom Limited announced that its board has approved an investment of ₹76.99 crore in its wholly-owned subsidiary, Optiemus Electronics Limited (OEL). The investment will be made through the acquisition of 2,46,794 equity shares at a price of ₹312 per share.
The Operations and Administration Committee of the Board of Directors of the Company approved the investment in its meeting held today, September 10, 2025.
The acquisition of shares is intended to support OEL's working capital requirements and enhance its business operations. It will also help maintain ownership and control in the wholly-owned subsidiary, enhance the brand image and value creation for stakeholders, and strengthen the balance sheet.
The transaction is expected to be completed within 90 days and will be carried out at arm's length, with the consideration determined by an independent valuer.
Details of Acquisition
| Particulars | Details |
|---|---|
| Number of equity shares to be acquired | 2,46,794 |
| Price per equity share | ₹312 (including premium of ₹302) |
| Total investment | ₹76.99 Crore |
About Optiemus Electronics Limited
Optiemus Electronics Limited (OEL) is engaged in the manufacturing of mobile phones, hearable & wearables, IT Hardware and other Telecom Products in India. It has two manufacturing facilities located in Noida, Uttar Pradesh.
Financial Details of Optiemus Electronics Limited
| Particulars | Amount |
|---|---|
| Turnover as at March 31, 2025 | 23,118.60 |
| Net Worth as at March 31, 2025 | 16,729.17 |
Post-acquisition, Optiemus Infracom's shareholding in OEL will increase from 1,90,74,980 to 1,93,21,774 equity shares.
The meeting of Operations and Administration Committee of the Board of Directors commenced at 03:10 P.M. and concluded at 03:30P.M.
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