Authum Investment & Infrastructure Merger & Restructuring Worth ₹100 Cr
Authum Investment & Infrastructure completed the acquisition of equity shares in Wind World (India) Limited, following NCLT approval of the resolution plan.
- Value
- ₹100.0 Cr
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Authum Investment & Infrastructure completed the acquisition of equity shares in Wind World (India) Limited, following NCLT approval of the resolution plan.
Authum Investment is acquiring additional stake in subsidiary India SME Asset Reconstruction for ₹101 Crore. The cash-based transaction supports its general business operations.
Authum Investment & Infrastructure Ltd will invest ₹406.5 Crore in subsidiary ISARC through a rights issue. It has paid ₹101.625 Crore as initial application money.
Authum Investment & Infrastructure Limited received an NCLT Ahmedabad order approving its resolution plan to acquire specific real estate assets from WWIL.
Authum Investment incorporated a wholly owned subsidiary, WindCrest Realty Private Limited, for real estate activities. The company invested Rs. 0.05 Crore for 100% equity stake.