Optiemus Infracom Ltd has authorized a Letter of Consolation/Assure for its wholly-owned subsidiary, GDN Enterprises Pvt Ltd. The Operations and Administration Committee of Optiemus Infracom’s Board of Administrators made this resolution at this time to safe a credit score facility of ₹25 crore from ICICI Financial institution for GDN Enterprises.
The shares of Optiemus Infracom had been buying and selling at ₹660.70, up by ₹7.35 or 1.12 per cent on the NSE at this time at 2.12 pm.
The assure, supplied on an arm’s size foundation, will likely be handled as a contingent legal responsibility for Optiemus Infracom on a standalone foundation however can have no influence on consolidated accounts. Optiemus Infracom confirmed that no promoter or group corporations have any curiosity on this transaction.
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