Optiemus Infracom

Optiemus Infracom's operations committee approved a ₹100 crore unsecured loan to its wholly owned subsidiary GDN Enterprises to support working capital and business operations. The loan, to be drawn in tranches over three years, carries an interest rate of 8.5 per cent per annum or the SBI benchmark, with no security required. Separately, the committee approved a ₹10.79 crore subscription to the rights issue of Bharat Innovative Glass Technologies, a joint venture with Corning International, to maintain Optiemus's 70 per cent ownership. Bigtech is in the process of setting up a cover glass manufacturing facility in Tamil Nadu. Both transactions are related-party but executed at arm's length.

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June 30 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM - TO BUY BIGTECH SHARES FOR 108 MILLION RUPEES VIA RIGHTS ISSUE

Source text: ID:nNSE4RX2ZF

Further company coverage: OPTI.NS

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April 30 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM LTD - APPROVES ENHANCEMENT OF CORPORATE GUARANTEE TO 550 MILLION RUPEES FOR UNIT

Source text: ID:nBSE7DSl1W

Further company coverage: OPTI.NS

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April 2 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM LTD - REVISES EARLIER APPROVAL; PROPOSED INVESTMENT IN OPTIEMUS ELECTRONICS LTD NOT PURSUED

Source text: ID:nBSE5Ql6Y6

Further company coverage: OPTI.NS

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March 12 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM LTD - AI+ SMARTPHONE ENTERS MANUFACTURING AGREEMENT WITH OPTIEMUS ELECTRONICS IN INDIA

• OPTIEMUS INFRACOM LTD - AGREEMENT EXPECTED TO CREATE ABOUT 1,200 JOBS

Source text: ID:nNSE1D6Rmv

Further company coverage: OPTI.NS

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** Shares of Optiemus Infracom OPTI.NS rise 2% to 352.05 rupees

** Company to further invest 1.56 billion rupees ($17 million) in subsidiary Optiemus Electronics and to further invest 400 million rupees in subsidiary GDN Enterprises

** Optiemus Electronics manufactures mobile phones, hearable and wearables, IT Hardware and other telecom products

** GDN Enterprises is engaged in manufacturing and assembly of electronic products

** YTD, OPTI down ~30%

($1 = 91.9840 Indian rupees)

(Reporting by Vijay Malkar)

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March 9 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• TO INVEST 1.56 BILLION RUPEES IN UNIT OPTIEMUS ELECTRONICS

• TO INVEST 400 MILLION RUPEES IN UNIT GDN ENTERPRISES

Source text: ID:nBSEb2tHxN

Further company coverage: OPTI.NS

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Feb 13 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM DEC-QUARTER CONSOL NET PAT 122.3 MILLION RUPEES

• OPTIEMUS INFRACOM DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.30 BILLION RUPEES

Further company coverage: OPTI.NS

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Sept 25 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• SIGNS BINDING TERM SHEET WITH NOTHING ELECTRONICS

• STRATEGIC JOINT VENTURE FOR MANUFACTURING NOTHING AND CMF PRODUCTS

• NOTHING & OPTIEMUS TO INVEST $100 MILLION, CREATE 1,800+ JOBS IN INDIA OVER 3 YEARS

Source text: ID:nNSE6S61qT

Further company coverage: OPTI.NS

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** Shares of Optiemus Infracom OPTI.NS up 6.4% to 591.7 rupees

** Mobile and telecom products firm inaugurates tempered glass manufacturing facility with initial investment of 700 million rupees ($8 million)

** Co says it will invest more than 8 billion rupees in the manufacturing facility to create 4,500 jobs in coming years

** Stock set to snap six sessions of losses

** More than 1.2 mln shares traded, 7.7x its 30-day moving avg; the most since June 19

** OPTI trims YTD losses to ~15%

($1 = 87.5060 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Aug 14 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• JUNE-QUARTER CONSOL NET PAT 145.3 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.35 BILLION RUPEES

Source text: [ID:]

Further company coverage: OPTI.NS

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July 24 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• APPROVES 268.6 MILLION RUPEES INVESTMENT IN GDN ENTERPRISES

Source text: ID:nNSE7lbv68

Further company coverage: OPTI.NS

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July 21 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• APPROVES 24 MILLION RUPEES INVESTMENT IN SUBSIDIARY OPTIEMUS UNMANNED SYSTEMS

Source text: ID:nBSE2wTgMN

Further company coverage: OPTI.NS

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** Shares of Optiemus Infracom OPTI.NS jump 11.3% to 684.7 rupees, its highest level in nearly 5 months

** Mobile and telecom products firm's unit partners with smartphone maker OnePlus to manufacture IoT devices in India

** IoT or Internet of Things is the concept of connecting household devices to the internet

** The partnership aligns with OnePlus' long-term vision for India - OPTI

** OPTI stock on track to log busiest trading session in 10 months, volumes at 9.8x the 30-day avg

** Stock down ~2% YTD

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Optiemus Infracom OPTI.NS rise 7% to 532.85 rupees, hitting their highest level since February 21

** Telecom services provider's unit launches four new drones

** Co partners with Taiwan-based Avix Technology to jointly develop and manufacture drone components in India

** More than 544,000 shares traded, 2.3x their 30-day avg.

** Stock down 29% YTD

(Reporting by Nishit Navin)

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April 16 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• REALME PARTNERS WITH OPTIEMUS TO MANUFACTURE AIOT PRODUCTS IN INDIA

• REALME TO SOURCE MAJORITY OF CRITICAL COMPONENTS FROM INDIA

• REALME AND OEL GENERATING OVER 2,000 NEW EMPLOYMENT OPPORTUNITIES IN INDIA

Source text: ID:nBSE1XmJxW

Further company coverage: OPTI.NS

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March 24 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• TO ACQUIRE 21 MILLION SHARES OF BIGTECH FOR 210 MILLION RUPEES

Source text: ID:nNSE90vfQN

Further company coverage: OPTI.NS

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Jan 27 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• UNIT ANNOUNCED STRATEGIC PARTNERSHIP WITH TP-LINK

• STRATEGIC PARTNERSHIP TO MANUFACTURE NETWORK AND IOT DEVICES IN INDIA

Source text: ID:nBSEl3hct

Further company coverage: OPTI.NS

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Jan 10 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM LTD - TO ACQUIRE 14.7 MILLION SHARES OF BIGTECH

• OPTIEMUS INFRACOM LTD - ACQUISITION VALUED AT 147 MILLION RUPEES

Source text: ID:nBSE1h1vmf

Further company coverage: OPTI.NS

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** Shares of telecom equipment maker Optiemus Infracom OPTI.NS rise 4% to 772 rupees

** Co says its unit partners with drone-based spectrum analyzers maker LS Spectrum Solutions to assemble and market drone-based spectrum analysis solutions in India

** OPTI says partnership has potential to extend beyond drone-based solutions

** Co did not disclose any financial details for the partnership

** Trading vols at 226,479 mln shares, 2.2x 30-day average

** Stock set to gain for fourth straight session

** OPTI more than doubled in 2024

(Reporting by Vijay Malkar)

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Jan 2 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM - PARTNERS WITH LS SPECTRUM FOR DRONE-BASED SPECTRUM ANALYSIS IN INDIA

Source text: ID:nNSE6BcYsc

Further company coverage: OPTI.NS

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Oct 7 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS DRONES CLEARS 19,000 FEET AT UMLING LA PASS

Source text for Eikon: ID:nBSEb7Tcc0

Further company coverage: OPTI.NS

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** Shares of Optiemus Infracom OPTI.NS rise as much as 6.2%, last up 3.2% to 521.8 rupees

** Co's unit forayed into telecom equipment manufacturing

** Stock on track to rise in third straight session if trend holds

** OPTI up ~68% YTD vs ~93% rise in rival Dixon Technologies (India) DIXO.NS

(Reporting by Varun Vyas in Bengaluru)

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May 14 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• INVESTMENT IN SHARES OF JOINT VENTURE CUM UNIT

Source text for Eikon: ID:nNSE7bKvVd

Further company coverage: OPTI.NS

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Feb 2 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• ACCORDED APPROVAL TO ENTER INTO GLASS SUPPLY AND TRADEMARK LICENSE AGREEMENT WITH CORNING INCORPORATED

• AGREEMENT FOR MANUFACTURING AND SALE OF SCREEN GLASS PROTECTORS

Source text for Eikon: ID:nBSE7WK4zv

Further company coverage: OPTI.NS

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CHENNAI, Jan 23 (Reuters) - India's Tamil Nadu state said on Tuesday that a joint venture of Corning GLW.N agreed to invest 10 billion rupees ($120.4 million), underscoring the growing importance of the south Asian country as a manufacturing hub.

The joint venture (JV), named Bharat Innovative Glass Technologies, is a tie-up between U.S. electronics maker Corning, a key parts supplier for Apple AAPL.O, and Indian telecommunications company Optiemus Infracom OPTI.NS.

The new facility will make front cover glass for mobile phones and phone parts makers in India, the state government said, without specifying the particular brands to which the glass would be supplied.

The facility in Tamil Nadu is the company's first manufacturing plant after the JV was formed in September.

The $155 billion Indian electronics market is benefitting from a global shift in supply chains away from China, with additional support from the Indian government's production-linked incentives aimed at promoting local manufacturing.

Several contract manufacturers, including the world's largest, Taiwan's Foxconn 2317.TW, as well as other Apple suppliers such as Pegatron 4938.TW and Finland's Salcomp have signed agreements worth several million dollars to expand their operations in India.

Earlier this month, Tamil Nadu said it had entered into agreements totalling 6.64 trillion rupees in investments with investors ranging from technology heavyweights Microsoft MSFT.O to local conglomerates such as the Adani Group.

A number of Indian states, including Telangana, Gujarat, and Maharashtra have signed investment deals with companies such as Maruti Suzuki MRTI.NS, the Tata Group, and the Adani Group.

($1 = 83.0890 Indian rupees)

(Reporting by Praveen Paramasivam and Varun Vyas; Editing by Dhanya Ann Thoppil)

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Nov 10 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM LTD SEPT-QUARTER NET PAT 37.3 MILLION RUPEES VERSUS 49.5 MILLION RUPEES

• OPTIEMUS INFRACOM LTD SEPT-QUARTER INCOME FROM OPERATIONS 1.31 BILLION RUPEES VERSUS 1.28 BILLION RUPEES

Source text for Eikon: ID:nBSE3vY8Qk

Further company coverage: OPTI.NS

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Oct 27 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• APPROVED COMMENCEMENT OF NEW BUSINESS/DIVISION/ LAUNCH OF PRODUCT "OPTIEMUS UNMANNED SYSTEMS"

• CO WILL BE INVESTING 250 MILLION RUPEES IN NEW DIVISION OUS

Source text for Eikon: ID:nBSEbQzn69

Further company coverage: OPTI.NS

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Sept 1 (Reuters) - Optiemus Infracom Ltd OPTI.NS:

• OPTIEMUS INFRACOM LTD - APPROVAL TO ENTER INTO JOINT VENTURE AGREEMENT WITH CORNING INTERNATIONAL CORP

Source text for Eikon: ID:nBSE9STfXd

Further company coverage: OPTI.NS

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** Shares of Chinese smartphone maker Xiaomi Corp 1810.HK fall as much as 3.4% to HK$10.14, their lowest since Dec. 2

** Contract manufacturer Dixon Technologies (India) Ltd DIXO.NS on Wednesday said it is partnering with Xiaomi Corp's Indian arm to make and export phones for the Chinese firm

** The news, which boosted Dixon's shares by 4%, comes after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus

** Equity investment research company Zephirin Group on Tuesday reiterates "sell" rating on Xiaomi and trims price target to HK$9 from HK$10, saying China's smartphone shipment is not rebounding and the total smartphone revenues in 2023 is set to decline

** The Hang Seng Commerce & Industry Index .HSNC drops 3.2% and the Hang Seng Tech Index .HSTECH plunges 3.3%

** The Hang Seng China Enterprises Index .HSCE falls 2.9% and the Hang Seng Index .HSI declines 2.7%

** As of last close, the stock had slid 4% this year

(Reporting by Donny Kwok)

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