Mumbai, March 10 -- The company will acquire 50,00,000 equity shares of Optiemus Electronics (OEL) having face value of Rs 10 each at a price of Rs 312 per share (including premium of Rs 302 each) for total consideration of Rs 156 crore. The company currently holds 1,93,21,774 shares in OEL. Post acquisition, its shareholding will increased to 2,43,21,774 equity shares.

Additionally, the company will acquire 10,25,641 equity shares of GDN Enterprises (GDN) having face value of Rs 10 each at price of Rs 390 each (including premium of Rs 380 each) for total considerations of Rs 39.99 crore. The company presently holds 54,08,169 shares. Post acquistion, the company's holding will rise to 64,33,810 equity shares.

The rationale behind invest...