Authum Investment & Infrastructure has emerged as the successful bidder in relation to acquisition of Reliance Commercial Finance (RCFL) after completion of resolution process in terms of Reserve Bank of India (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 RCFL under the Inter-Creditor Agreement (ICA)) has issued a letter of intent (LOI) dated July 15, 2021 in favour of the company. The LOI is subject to the terms and conditions as stated in the LOI including Non-ICA lenders, statutory & other 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.
