Authum Investment & Infrastructure Limited has informed the Exchange about General Updates
AIIL · price
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Authum Investment & Infrastructure Limited has completed its acquisition of India SME Asset Reconstruction Company Limited (ISARC). The company acquired 13 crore equity shares through fresh subscription (allotment approved by ISARC's board on June 17, 2025) and 7.32 crore equity shares via purchase from 8 existing shareholders. In total, Authum now holds 20.325 crore equity shares in ISARC, representing approximately 88.37% of the paid-up share capital on a fully diluted basis. With this conclusion, ISARC has become a subsidiary of Authum. RBI approval for the transaction was received on March 26, 2025, and two directors nominated by Authum will be appointed to the ISARC board once the company appears in the Register of Members.
This is a significant strategic move for Authum, giving it a controlling ~88.37% stake in an asset reconstruction company and adding a subsidiary to its portfolio. Shareholders should watch for potential synergies in the financial services space, though the impact on near-term earnings will depend on ISARC's asset resolution performance.