Optiemus Infracom Limited - Updates

14 Feb 2022 , 12:00 AM

Optiemus Infracom Limited has informed the Exchange regarding 2. Accorded its In-principal approval to raise funds, by way of, inter alia, issue of equity shares or any other equity linked instruments or securities through preferential issue vide private placement (including one or more qualified institutional placements) or a right issue or through any other permissible mode under applicable laws and/or combination thereof, subject to necessary approvals as required; 3. Approval for making investment in 16,33,986 equity shares of Rs. 10/- each at a price of Rs. 306/- each (including premium of Rs. 296/-) of Optiemus Electronics Limited, Wholly Owned Subsidiary, under right issue, in one or more tranches. Necessary disclosure is enclosed herewith as Annexure B; 4. Approval for acquisition of 2,510,000 equity shares of GDN Enterprises Private Limited, by way of transfer from Teleecare Network India Private Limited @ Rs. 50/- per share, involving total consideration of Rs. 12,55,00,000/- (Rupees Twelve Crore Fifty Five Lakh Only) in one or more tranches. After the success of share acquisition, this transaction would make GDN Enterprises Private Limited, Wholly Owned Subsidiary of Optiemus Infracom Limited as per the provisions of Companies Act, 2013. Necessary disclosure is enclosed herewith as Annexure C. .