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Authum Investment & Infrastucture Ltd ( (IN:AIIL) ) has shared an update.
Authum Investment & Infrastructure Ltd has announced the allotment of 30,00,000 Non-Cumulative Non-Convertible Redeemable Preference Shares to Mentor Capital Limited, raising Rs. 300 Crores. This move is part of a larger capital-raising strategy, bringing the total allotment to 1,80,00,000 NCRPS, amounting to Rs. 1,800 Crores, which is expected to enhance the company’s financial positioning and support its growth initiatives.
More about Authum Investment & Infrastucture Ltd
Authum Investment & Infrastructure Ltd operates in the financial services industry, focusing on investment and infrastructure development. The company is involved in raising capital and managing investments, with a market focus on strategic financial growth and infrastructure projects.
Average Trading Volume: 24,300
Technical Sentiment Signal: Buy
Current Market Cap: 447.7B INR
See more insights into AIIL stock on TipRanks’ Stock Analysis page.