Optiemus Approves ₹10.79 Crore Investment in Joint Venture, ₹100 Crore Loan for Subsidiary; Shares Ease 

Mumbai, June 30: Optiemus Infracom Ltd has approved a fresh investment of ₹10.79 crore in its joint venture and subsidiary, Bharat Innovative Glass Technologies Pvt. Ltd. (BIGtech), while also clearing an unsecured loan facility of up to ₹100 crore for its wholly owned subsidiary, GDN Enterprises Pvt. Ltd., according to an exchange filing after the company’s Operations and Administration Committee meeting held on Tuesday. 

The company will subscribe to the rights issue of BIGtech by acquiring 1,07,99,460 equity shares at ₹10 per share, aggregating ₹10.79 crore. Following the subscription, Optiemus will continue to hold a 70% stake in the company. 

BIGtech, incorporated in October 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 company said the investment is aimed at funding the manufacturing facility, maintaining its controlling stake and supporting future business expansion. 

Separately, the committee approved extending an unsecured loan of up to ₹100 crore to GDN Enterprises, either in one or multiple tranches over a period of three years. The loan will carry an interest rate of 8.50% per annum, or any other rate linked to the State Bank of India benchmark, and will be used to meet GDN’s working capital and operational requirements. 

Both transactions involve related parties, as disclosed by the company. However, Optiemus said they will be undertaken on an arm’s length basis, with the investment valuation supported by an independent valuer. 

Stock Market Snapshot 

The announcements came during Tuesday’s trading session, with the Optiemus Infracom share price remaining under pressure despite the board approvals. 

As of 12:13 PM IST on June 30, 2026, Optiemus Infracom shares were trading at ₹464.90, down ₹4.85 or 1.03% from the previous close. 

While the investment underlines the company’s long-term manufacturing ambitions, the market reaction remained muted as the approvals primarily relate to internal capital allocation rather than new external business wins. 

Company Background 

Optiemus Infracom is engaged in telecom, electronics manufacturing and allied technology businesses. The company has been expanding its domestic manufacturing footprint through strategic partnerships and joint ventures under the government’s electronics manufacturing initiatives. 

Its joint venture with Corning aims to localise the production of high-quality cover glass for smartphones and consumer electronic devices, reducing import dependence and strengthening India’s electronics supply chain. 

Conclusion 

The latest approvals reflect Optiemus’ continued commitment to building its manufacturing ecosystem. The capital infusion into BIGtech is expected to support the development of its cover glass manufacturing facility, while the loan facility provides financial flexibility to GDN Enterprises for operational expansion. 

Investors are likely to monitor the progress of BIGtech’s manufacturing plant and the utilisation of funds by GDN Enterprises, as both initiatives form part of Optiemus’ broader strategy to deepen its presence in electronics manufacturing.  

Source: 

• https://www.nseindia.com/get-quote/equity/OPTIEMUS/Optiemus-Infracom-Limited 
• https://nsearchives.nseindia.com/corporate/OPTIEMUS_30062026105055_OILSEIntimationForInvestmentInBIGTechAndLoanToGDN30062026.pdf