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Optiemus Infracom gets approval to invest funds in subsidiary, Group Company

15 Nov 2021 Evaluate

Optiemus Infracom has received principal approval to invest funds upto Rs 25 crore in Optiemus Electronics, a wholly owned subsidiary company and Rs 25 crore in GDN Enterprises, a group Company, by way of subscribing to their share capital. The purpose of such investment is to support the group companies to accomplish their target and avail the benefits as per the Production Linked Incentive Schemes launched for the manufacturing of Mobile Phone & IT Hardware and manufacturing of Telecom and Networking Products in India, launched by the Ministry of Electronics and Information Technology and Ministry of Communications respectively.

Optiemus Infracom is engaged in leasing, equity trading, equity research, and loan syndication services. The company is also in the business activities of Renting of Immovable Property, Telecommunications - Mobiles handset and Accessories.

Peers
Company Name CMP
Redington 328.50
Adani Enterprises 2706.00
Amrapali Industries 34.77
Maxgrow India 175.30
Rashi Peripheral 674.15
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