Authum Investment & Infrastructure Boosts Authorised Capital and Announces 4:1 Bonus Issue

An announcement from Authum Investment & Infrastucture Ltd ( (IN:AIIL) ) is now available.

Authum Investment & Infrastructure Limited has received shareholder approval via postal ballot to increase its authorised share capital from Rs 100 crore to Rs 128 crore, raising the equity share component from 58 crore to 86 crore equity shares of Re 1 each while maintaining 4.2 crore preference shares of Rs 10 each, and has accordingly amended its Memorandum of Association. The company also secured approval to issue bonus shares in a 4:1 ratio, granting four new fully paid-up equity shares for every existing share through capitalisation of reserves, a move that will significantly expand its equity base, enhance stock liquidity, and potentially broaden its shareholder base, with the record date to be announced separately.

More about Authum Investment & Infrastucture Ltd

Authum Investment & Infrastructure Limited operates in the investment and infrastructure sector and is listed on both BSE and NSE under the symbol AIIL. The company primarily focuses on financial investments and infrastructure-related activities, positioning itself within India’s broader capital markets and infrastructure financing ecosystem.

Average Trading Volume: 15,829

Technical Sentiment Signal: Buy

Current Market Cap: 488.9B INR

See more data about AIIL stock on TipRanks’ Stock Analysis page.