Authum Investment & Infrastructure has emerged as successful highest bidder in relation to acquisition of all assets of Reliance Home Finance (RHFL) under the resolution process in terms of RBI (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 dated June 7, 2019 (RBI Directions).
In this connection, the Lead Bank (on behalf of Lenders of RHFL under Inter-Creditor Agreement (ICA)) has issued a letter of intent (LOI) dated 19.06.2021 in favour of our Company. The LOI is subject to terms & conditions stated in LOI including statutory and regulatory approvals.
Authum Investment & Infrastructure was previously known as Pentium Investments and Infrastructures and was incorporated in 1982. The company was listed on Calcutta Stock Exchange Limited. The company is a registered NBFC.
