Optiemus Infracom Limited has announced a strategic investment of ₹21 crore in Bharat Innovative Glass Technologies Private Limited (BIGTech) to reinforce its control and support the company's manufacturing expansion. BIGTech is a joint venture subsidiary of Optiemus Infracom and Corning International Corporation, focusing on manufacturing cover glass for mobile consumer electronic devices. The investment will help BIGTech set up its state-of-the-art facility in Tamil Nadu.

Overview of the Investment

Optiemus Infracom will acquire 2.1 crore equity shares of BIGTech at ₹10 per share under a rights issue. This transaction will be completed in 120 days and will be paid in cash. Post-acquisition, Optiemus will continue to hold a 70% stake in BIGTech.

Why is Optiemus Investing in BIGTech?

The investment is a strategic move to enhance BIGTech’s manufacturing capabilities and expand its business in India. The key objectives include:

• Funding BIGTech's manufacturing setup and business expansion

• Maintaining control and ownership in the joint venture subsidiary

• Enhancing the brand value of Optiemus Infracom

Industry Impact and Growth Potential

BIGTech is entering the glass manufacturing sector, which is critical for the growing demand in mobile consumer electronics. With India emerging as a global manufacturing hub, this investment is expected to boost domestic production and reduce dependency on imports.

Regulatory and Financial Aspects

• No regulatory approvals are required for this acquisition.

• The investment falls under related party transactions, as BIGTech is a subsidiary of Optiemus Infracom.

• The ₹21 crore investment will be fully funded through cash.

Future Outlook

With this investment, BIGTech aims to establish itself as a leading supplier of high-quality cover glass for smartphones and other electronic devices. This move aligns with the Make in India initiative, further strengthening India’s manufacturing ecosystem.

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