Optiemus Infracom Limited (BSE:530135) entered into a share purchase agreement to acquire remaining 19.91% stake in Optiemus Electronics Limited from Wistron Corporation (TSEC:3231) for INR 12.4 million on December 18, 2020. Pursuant to the terms, Optiemus Infracom will acquire 2.76 million shares at a price of INR 4.5 per share. Post-completion, Optiemus Electronics will operate as a wholly owned subsidiary of Optiemus Infracom. For financial year ended March 31, 2020, Optiemus Electronics reported revenues of INR 1.8 billion and net worth of INR -1.05 million. The transaction is approved by the Board of Optiemus Infracom. The transaction is expected to complete within 120 days from the effective date of share purchase agreement.

Optiemus Infracom Limited (BSE:530135) completed the acquisition of remaining 19.91% stake in Optiemus Electronics Limited from Wistron Corporation (TSEC:3231) on April 14, 2021.