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Authum Investment & Infrastructure touches roof on emerging successful highest bidder to acquire assets of RHFL

21 Jun 2021 Evaluate

Authum Investment & Infrastructure is locked at upper circuit limit of Rs. 585.90, up by 11.45 points or 1.99% from its previous closing of Rs. 574.45 on the BSE.

The scrip opened at Rs. 585.90 and has touched a high and low of Rs. 585.90 and Rs. 585.90 respectively. So far 8 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 585.90 on 21-Jun-2021 and a 52 week low of Rs. 56.14 on 29-Jun-2020.

Last one week high and low of the scrip stood at Rs. 585.90 and Rs. 530.80 respectively. The current market cap of the company is Rs. 927.12 crore.

The promoters holding in the company stood at 68.72%, while Institutions and Non-Institutions held 6.03% and 25.25% respectively.

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

Authum Inv. & Infra Share Price

467.35 7.75 (1.69%)
20-Apr-2026 16:59 View Price Chart
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