Shares of Optiemus Infracom Ltd surged 4.7% to ₹701.55 apiece on Thursday, September 25, after the company announced a binding term sheet with London-based Nothing Electronics Pvt Ltd for a strategic joint venture. The move will see over $100 million invested in India over the next three years to manufacture electronic products of Nothing and its sub-brand CMF.
At 10:30 am, Optiemus shares were trading near the day’s high of ₹701.95, compared with a previous close of ₹669.95. The company’s market capitalization stood at ₹61,750 crore, with the stock gaining nearly 85% in the last six months.
Under the agreement, more than 1,800 new jobs will be created, strengthening India’s position as a global hub for smartphone production. Nothing CEO Carl Pei said India will play a key role in building the world’s first global smartphone brand from the country, while Optiemus Chairman Ashok Gupta stressed that the deal goes beyond high-tech manufacturing and will drive export-ready product development.
The announcement comes just months after Nothing raised $200 million in a Series C funding round led by global investors, valuing the company at $1.3 billion.
