Optiemus Infracom completes Rs 285-cr asset sale, to focus on mobile mfg

Electronics contract manufacturer Optiemus Infracom on Friday announced completion of sale of one of its real estate assets in Noida for Rs 285 crore, which it plans to invest in expansion of mobile phone production business.

Optiemus is one of 16 entities whose proposal under the PLI scheme has been approved by the government. The PLI scheme for large-scale electronics manufacturing was notified on April 1, 2020.

“…this is to inform you that after obtaining approvals from shareholders and other concerned authorities, the execution of sale and transfer of land together with structures/building of the company…has been completed on March 04, 2021 for a total consideration of Rs 285 crore,” Optiemus Infracom said in a regulatory filing.