Authum Investment has allotted 40,00,000 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 20 crore to Mentor Capital. The Allotment Committee of the company at its meeting held on March 3, 2020 has considered and approved the allotment of the same.
Authum Investment & Infrastructure was established with the object to engage in business of an investor in real estate and to act as builders, promoters and developers of land, building, building sites, townships and building complexes and deal in infrastructure facility and to undertake and execute building complexes, road, dam, factories, godown, flats, blocks etc.
