Company Update

Authum Investment & Infrastructure Limited has announced an e-auction for the sale of an immovable property mortgaged to it, related to a loan account acquired through the slump sale of Reliance Home Finance Limited’s business to Reliance Commercial Finance Limited.

The property—a flat in Vivant Cluster, Lodha Splendora, Thane West—is being sold on an “as is where is” basis to recover dues totaling approximately Rs. 1.85 Cr.

The e-auction will occur online with bids starting at Rs. 80.02 lakh, and registration and payment details are provided for interested bidders.

This sale aims to realize stressed asset dues, impacting lender recoveries.