22-02-2024 10:05 AM | Source: Accord Fintech
Authum Investment inches up on acquiring 100% stake in Authum Real Estate

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Authum Investment & Infrastructure is currently trading at Rs. 899.65, up by 4.00 points or 0.45% from its previous closing of Rs. 895.65 on the BSE.

The scrip opened at Rs. 894.00 and has touched a high and low of Rs. 909.95 and Rs. 881.00 respectively. So far 454 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 1009.90 on 02-Jan-2024 and a 52 week low of Rs. 154.50 on 23-Feb-2023.

Last one week high and low of the scrip stood at Rs. 939.00 and Rs. 781.00 respectively. The current market cap of the company is Rs. 15212.18 crore.

The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 7.19% and 18.28% respectively.

Authum Investment & Infrastructure has acquired 100% equity shares of Authum Real Estate (AREPL). Accordingly, AREPL becomes the Wholly Owned Subsidiary Company of Authum Investment and Infrastructure. This acquisition forms part of strategic financial investment. The cost of acquisition is Rs 10 lakh i.e. at face value of equity shares.

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.