Optiemus Infracom shines on incorporating joint venture cum subsidiary company
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Optiemus Infracom is currently trading at Rs. 298.05, up by 8.25 points or 2.85% from its previous closing of Rs. 289.80 on the BSE.
The scrip opened at Rs. 293.35 and has touched a high and low of Rs. 301.40 and Rs. 293.35 respectively. So far 2935 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 381.20 on 04-Sep-2023 and a 52 week low of Rs. 160.45 on 27-Apr-2023.
Last one week high and low of the scrip stood at Rs. 301.40 and Rs. 286.00 respectively. The current market cap of the company is Rs. 2488.14 crore.
The promoters holding in the company stood at 74.89%, while Non-Institutions held 25.10% stake in the company.
Optiemus Infracom has incorporated Joint Venture cum subsidiary company namely ‘Bharat Innovative Glass Technologies’ (Bigtech) on October 04, 2023. Bigtech is yet to commence its business. The new subsidiary company has been incorporated to carry on the business of manufacturing of the Finished Parts for use in mobile consumer electronic devices (or other cover glass applications mutually agreed by the Parties), selling the Finished Parts to mobile consumer electronics manufacturers and OEMs (or other cover glass applications mutually agreed by the Joint Venture Parties), or their designated supply chain participants, for use in their operations and such other business as may be agreed by the Parties.
Optiemus Infracom is a diversified, award-winning, high-performance telecommunications enterprise with multi-domain experience including management, distribution & marketing of mobile & telecom products in the Indian subcontinent.
