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 loans and advances; has come into focus after investing in a renewable energy company.
With the market capitalization of Rs. 43,013.27 crore, the shares of Authum Investment & Infrastructure Limited were trading at Rs. 506.50, down by 0.24 percent from its previous day’s close price of Rs. 507.70 per equity share.