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Authum Investment & Infrastucture Ltd ( (IN:AIIL) ) has shared an update.
Authum Investment & Infrastructure Limited has secured shareholder approval via postal ballot to increase its authorised share capital from Rs 100 crore to Rs 128 crore, mainly by expanding its equity share base from 58 crore to 86 crore shares of Re 1 each, while keeping the preference share capital unchanged. The company will also issue bonus shares in a 4:1 ratio, granting four new fully paid-up equity shares for every existing share held as of a record date to be announced, a move that will significantly expand the equity base, enhance liquidity in the stock, and broaden participation for existing shareholders without immediate cash outlay.
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’s activities center around financial investments and infrastructure-related ventures, positioning it within India’s broader financial services and infrastructure investment landscape.
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.