Optiemus Infracom Limited
Bank of America increased its stake in Optiemus Infracom from 1.22% to 1.86%, buying 595,666 shares. The company's share price was ₹543.95, making the value of the acquired shares approximately ₹32.41 crore.
A leading distributor of mobile handsets in India, Optiemus Infracom has served the telecom equipment sector for over two decades, distributing devices from major brands including Nokia and Samsung. The company operates primarily in the general trade market, leveraging its extensive distribution network and established relationships with reputed manufacturers. Its deep presence across India's mobile handset distribution landscape forms its core competitive advantage.
US-based global bank and one of the world's largest financial institutions (USD 3+ trillion balance sheet). India FPI activity covers proprietary positions, market-making and client flows in listed Indian equities through BofA Securities and Merrill Lynch entities.