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Authum Investment & Infrastructure informs about allotment committee meeting

19 Feb 2020 Evaluate

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.

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