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Why Is Authum Investing ₹350 Crore in a Bankrupt Renewable Energy Company?

Synopsis: A non-banking finance company will invest Rs. 350 crore under a consortium-led insolvency resolution of a Renewable Energy Company, focusing on acquiring select real estate and non-core assets through a distressed-asset value strategy. A mid-cap company that is involved in the business of fund-based activities viz, investment in shares, securities, mutual funds and providing…