Optiemus seeks Rs 400 crore to expand manufacturing operations

New Delhi: Wearables and telecom equipment maker Optiemus Infracom is looking to raise around Rs 400 crore to expand its manufacturing business and enhance its brand image ahead of a planned foray into making and selling screen protectors and mobile phone cover glass under a license from US-based Corning.

The company, in a stock exchange filing, said the fund-raise will be done through preferential allotment of 75 lakh convertible warrants, convertible in one or more tranches into equity shares of Rs 10 each, within 18 months into equity shares.