Optiemus Infracom has secured board approval to enter a binding term sheet with Nothing Electronics to establish a joint venture. The partnership aims to commercialise CMF products, including mobile phones and components, with Optiemus acquiring an initial 51.1% equity stake.

Joint venture details

The binding term sheet formalises the expansion of the existing partnership between Optiemus Infracom and Nothing Electronics. The agreement focuses on the creation of a joint venture entity for the commercialisation and sale of CMF products. Subject to the fulfillment of conditions precedent and execution of definitive agreements, Optiemus Infracom will initially acquire 51.1% of the equity share capital of the proposed JV company at face value.

The proposed JV also includes provisions for board composition, where Optiemus and Nothing will each appoint one director as their respective nominees upon the formation of the entity. The transaction is not classified as a related party transaction.

Strategic context

This expanded partnership builds on a strategic manufacturing joint venture announced in September 2025, which established India as a production hub for Nothing and CMF products. The new agreement evolves this into a deeper collaboration encompassing manufacturing, ownership, and R&D under a single Indian entity. The initiative aligns with government efforts to strengthen the country's electronics manufacturing ecosystem, aiming to shift India's role from assembly to technology development and global exports.

The press release accompanying the regulatory filing highlights that Optiemus will also join Nothing's upcoming Series A investment round for the CMF brand. This move is intended to lay the groundwork for India's first full-stack smartphone R&D capability, covering industrial design, mechanical engineering, camera engineering, software engineering, connectivity engineering, and component engineering.

Optiemus Infracom shares flagged a large-trade signal on the NSE, with approximately 3,32,810 shares changing hands at ₹708.90, amounting to a combined value of ₹23.59 crore.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Large-trade signal details

The following table summarises the key parameters of the flagged activity:

The signal reflects a cluster of trades in Optiemus Infracom printed within a short window at or near ₹708.90, flagged by a real-time trade-scanning system for size and speed. No buyer, seller, broker, or client identity is known at this stage, as such information is only disclosed by the exchange after market close.

What this signal is, and is not

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.