Optiemus Infracom Acquires 2.52 Crore Shares of Bharat Innovative
In a significant development, Optiemus Infracom’s board of directors has approved the acquisition of 2.52 crore equity shares of its Joint Venture cum Subsidiary, Bharat Innovative Glass Technologies (BIGTech) via a rights issue subscription. This strategic move aims to fund BIGTech’s manufacturing setup and maintain Optiemus’ 70% stake in the company.
The acquisition is a related-party transaction, which was conducted at arm’s length to ensure fairness and transparency. This deal is expected to have a positive impact on both companies, as it will enable BIGTech to expand its operations and increase its production capacity. At the same time, it will also help Optiemus to maintain its significant stake in the company and continue to play a key role in its growth and development.
BIGTech is a leading manufacturer of glass components and solutions, and its products are used in a wide range of industries, including telecommunications, automotive, and consumer electronics. The company has been growing rapidly over the past few years, driven by increasing demand for its products and solutions.
The acquisition of 2.52 crore shares of BIGTech’s equity is a significant development for Optiemus Infracom, as it demonstrates the company’s commitment to its Joint Venture cum Subsidiary. Optiemus has been a key player in the Indian telecommunications equipment market for many years, and its partnership with BIGTech has enabled the company to expand its offerings and improve its competitiveness.
The acquisition is also expected to have a positive impact on the Indian telecommunications equipment market, as it will enable BIGTech to increase its production capacity and meet growing demand for its products and solutions. The company’s products and solutions are used by many of the leading telecommunications operators in India, and the acquisition is expected to strengthen its position in the market.
In addition to its products and solutions, BIGTech is also known for its innovative approach to manufacturing and its commitment to quality and reliability. The company has developed a range of proprietary technologies that enable it to produce high-quality glass components and solutions quickly and efficiently.
The acquisition of 2.52 crore shares of BIGTech’s equity is a significant development for Optiemus Infracom, and it is expected to have a positive impact on both companies. The deal is expected to enable BIGTech to expand its operations and increase its production capacity, while also enabling Optiemus to maintain its significant stake in the company and continue to play a key role in its growth and development.
In conclusion, the acquisition of 2.52 crore shares of BIGTech’s equity by Optiemus Infracom is a significant development for both companies. The deal is expected to have a positive impact on the Indian telecommunications equipment market, as it will enable BIGTech to increase its production capacity and meet growing demand for its products and solutions. At the same time, it will also enable Optiemus to maintain its significant stake in the company and continue to play a key role in its growth and development.
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