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Authum Investment & Infrastructure Limited is engaged in the business of fund-based activities viz, investment in shares, securities, mutual funds etc. and providing loans and advances, etc.
AIIL has allotted 67.93 Cr Bonus Equity Shares (face value Rs 1) in a 4:1 ratio to eligible shareholders. This boosts the company's paid-up equity capital from Rs 16.98 Cr to Rs 84.92 Cr, reflecting an expanded share base.
Authum Investment will issue up to 2.45 Cr Non-Convertible Redeemable Preference Shares to its promoter, Mentor Capital, via private placement. The shares are priced at Rs. 1000 each, raising up to Rs. 2,450 Cr. Shareholder approval is required.