Optiemus Infracom Ltd - Update On Completion Of Acquisition Of Shares Of Optiemus Electronics Limited, Subsidiary Company

Dear Sir(s),<BR> With reference to our earlier Intimation bearing Reference No. OIL/CO/SE/2020-21/48 dated December 18, 2020, this is to inform you that the Company has successfully acquired 27,60,000 (Twenty Seven Lakh Sixty Thousand) Equity shares (19.91% of the total share capital) of M/s. Optiemus Electronics Limited ('OEL'), Subsidiary and Joint Venture Company, by way of transfer from M/s. Wistron Corporation on April 14, 2021. <BR> The Company already holds 80.09% of the total equity share capital of OEL and after the said acquisition (19.91%), OEL has become Wholly Owned Subsidiary of Optiemus Infracom Limited. <BR> In this regard, the enclosed Press Release is being issued.<BR> Kindly take the above information on your records.<BR>