Authum Investment & Infrastructure is all set to acquire 100% shares of BIC Cello (India), subject to completion of closing conditions, by way of cash consideration of Rs 153.34 crore subject to closing adjustments. The target entity has strong fundamentals, and it aligns with its objective of portfolio diversification and value creation.
BIC Cello (India) is engaged in the business of manufacturing and distribution of Writing Instruments and Other Stationeries.
Authum Investment & Infrastructure is a registered NBFC carrying on the business of investment in shares and securities and also financing activities to achieve the goal of enhancing the value for its stakeholders.
