Optiemus Infracom invests ₹10.8 crore in JV Bigtech for Tamil Nadu plant
Optiemus Infracom approved an investment of ₹10.8 crore in its joint venture Bharat Innovative Glass Technologies Private Limited (Bigtech) to support a glass manufacturing facility in Tamil Nadu. The company also sanctioned an unsecured loan of up to ₹100 crore to its wholly-owned subsidiary, GDN Enterprises Private Limited, for working capital requirements. Both transactions, classified as related party transactions, were approved by the Operations & Administration Committee on June 30, 2026.
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Optiemus Infracom has approved an investment of ₹10.8 crore in its joint venture Bharat Innovative Glass Technologies Private Limited (Bigtech) to support the establishment of a glass manufacturing facility in Tamil Nadu. Additionally, the company sanctioned an unsecured loan of up to ₹100 crore to its wholly-owned subsidiary, GDN Enterprises Private Limited, to bolster its working capital requirements. These decisions were taken by the Operations & Administration Committee on June 30, 2026.
Investment in Joint Venture Bigtech
The company will acquire 1,07,99,460 equity shares of Bigtech at a price of ₹10 per share, aggregating to ₹10,79,94,600, by subscribing to a rights issue. Bigtech, a joint venture with Corning International Corporation, is currently setting up a manufacturing facility in Tamil Nadu for finished cover glass used in mobile consumer electronic devices. The transaction, classified as a related party transaction, will be conducted at arm's length based on valuation by an Independent Valuer. Post-acquisition, Optiemus Infracom will hold 12,46,64,260 shares, representing 70% of the paid-up equity share capital of Bigtech. The transaction is expected to be completed within 90 days.
Financial Support to Subsidiary GDN Enterprises
Simultaneously, Optiemus Infracom entered into a loan agreement with GDN Enterprises to grant an unsecured loan of up to ₹100 crore. The loan will be disbursed in one or more tranches for a period of 3 years at an interest rate of 8.50% per annum or a rate linked to the State Bank of India benchmark. The funds are intended to support the business operations and working capital needs of the subsidiary. This agreement also constitutes a related party transaction and was executed on June 30, 2026.
Key Transaction Details
The following table outlines the key financial decisions approved by the committee:
| Parameter | Details |
|---|---|
| JV Investment Amount | ₹10.8 crore |
| JV Entity | Bharat Innovative Glass Technologies (Bigtech) |
| JV Shareholding Post-Acquisition | 70% |
| Loan Amount | Up to ₹100 crore |
| Loan Recipient | GDN Enterprises Private Limited |
| Loan Tenor | 3 years |
| Interest Rate | 8.50% per annum |
Historical Stock Returns for Optiemus Infracom
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.04% | +15.38% | +34.03% | +16.45% | -8.56% | +224.76% |
How will the completion of the Tamil Nadu glass manufacturing facility impact Optiemus Infracom's revenue and market position in the mobile electronics supply chain?
What are the expected production timelines and capacity targets for Bigtech once the facility becomes operational?
How will the ₹100 crore loan to GDN Enterprises influence its expansion plans and operational efficiency over the next three years?
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