Authum Investment gains on completing sale of 36.05% stake in Michigan Engineers
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Authum Investment is currently trading at Rs. 468.85, up by 0.70 points or 0.15% from its previous closing of Rs. 468.15 on the BSE.
The scrip opened at Rs. 474.95 and has touched a high and low of Rs. 474.95 and Rs. 461.15 respectively. So far 751 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 580.00 on 08-Aug-2023 and a 52 week low of Rs. 145.00 on 22-Aug-2022.
Last one week high and low of the scrip stood at Rs. 498.00 and Rs. 450.30 respectively. The current market cap of the company is Rs. 7965.74 crore.
The promoters holding in the company stood at 71.47%, while Institutions and Non-Institutions held 7.14% and 21.39% respectively.
Authum Investment & Infrastructure has completed sale of 36.05% equity shares of Michigan Engineers (MEPL) to Welspun Enterprises (the purchaser). Pursuant to the above, MEPL ceases to be an associate company of Authum Investment & Infrastructure. Consideration received from such sale/disposal is Rs 98.63 crore.
Authum Investment & Infrastructure is 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
