According to reports from Business Standard, Optiemus Infracom has approved the acquisition of 1,07,99,460 equity shares of Bharat Innovative Glass Technologies (Bigtech), a joint venture and subsidiary of the company. The investment involves shares with a face value of ₹10 each, at an issue price of ₹10 per equity share, totaling ₹10.79 crore. As per HDFC Securities, this investment will maintain Optiemus Infracom's 70% stake in the joint venture following the subscription.
The company's Operations & Administration Committee has approved an unsecured loan facility of up to ₹100 crore for GDN Enterprises Private Limited, the company's wholly owned subsidiary. The loan will be provided in one or multiple tranches over a period of three years at an interest rate of 8.50% per annum, or any other rate linked to the State Bank of India benchmark. According to the regulatory filing, this transaction is classified as a related party transaction due to shared directorships between Optiemus and GDN, specifically Mr. Ashok Gupta and Mr. Neetesh Gupta. The loan facility will be used to meet GDN's working capital and operational requirements, with both transactions involving related parties on an arm's length basis.
As reported by Business Standard, the investment is being made through subscription to the rights issue of Bigtech. The company has approved this strategic investment in its joint venture subsidiary to strengthen its position in the glass technologies sector. According to the regulatory filing, BIGtech, incorporated on October 4, 2023 as a joint venture between Optiemus Infracom and Corning International Corporation, is setting up a manufacturing facility at Tamil Nadu for producing finished cover glass used in smartphones and other next-generation consumer electronic devices. The acquisition will help maintain Optiemus's ownership and control in Bigtech, enhancing brand image and creating value for stakeholders.
According to the regulatory filing, this comprehensive financial move by Optiemus Infracom's Operations & Administration Committee demonstrates the company's commitment to expanding its presence in the glass technologies sector through its joint venture Bharat Innovative Glass Technologies. The ₹10.79 crore investment represents a significant capital allocation toward strengthening the company's subsidiary operations in the glass manufacturing and technology space. The meeting of the Operations and Administration Committee commenced at 10:30 AM and concluded at 10:42 AM on June 30, 2026, as per the regulatory filing submitted to the National Stock Exchange of India.
Despite the board approvals, Optiemus Infracom shares remained under pressure during Tuesday's trading session. As per HDFC Securities, the company's shares were trading at ₹464.90 as of 12:13 PM IST on June 30, 2026, down ₹4.85 or 1.03% from the previous close. The market reaction remained muted as the approvals primarily relate to internal capital allocation rather than new external business wins, though investors are likely to monitor the progress of BIGtech's manufacturing plant and GDN Enterprises' utilization of funds as part of the company's broader electronics manufacturing strategy.
