Nothing to spin off CMF as standalone Indian business; Optiemus to acquire 51.1% controlling stake; details here
Nothing expanded its partnership with Optiemus, which will acquire a 51.1% stake in CMF, transforming it into an independent Indian smartphone brand. This move consolidates manufacturing, ownership, and R&D in India, aligning with the country's goal of becoming a global smartphone manufacturing hub. The joint venture aims to enhance CMF's product development and commercialization efforts.