In terms of the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in pursuance to disclosure to the Stock Exchange on Outcome dated 14th November, 2019, Authum Investment & Infrastructure has informed that the Allotment Committee of the Company at its meeting held on 19th February, 2020 have considered and approved allotment of 20,00,000 7% Non-Convertible Non-Cumulative Redeemable Preference Shares of face value of Rs 10 each fully paid-up at a price of Rs 50 including premium of Rs 40 aggregating to Rs 10 crores to Mentor Capital.
The above information is a part of company’s filings submitted to BSE.
