Optiemus Infracom To Invest ₹ 29.05 Crore In Bigtech Subsidiary

Optiemus Infracom Limited has announced a strategic investment in its joint venture subsidiary, Bharat Innovative Glass Technologies Private Limited (BigTech). The company will acquire 2,90,50,000 equity shares of BigTech at ₹10 per share, totaling ₹29.05 crore. This investment aims to support BigTech's establishment of a state-of-the-art manufacturing facility for finished cover glass used in next-generation mobile consumer electronic devices. The acquisition is expected to be completed by June 15, 2024, through a cash payment. This move strengthens Optiemus' position in the high-growth mobile consumer electronics market and aligns with its expansion strategy.

 

Source: Angel One News