Authum Investment & Infrastructure Limited — Important, 21-03-2025: Agreements

Authum Investment & Infrastructure Limited has announced a board meeting regarding its successful bid to acquire Carnival Techno Park Private Limited (CTPPL) through a Resolution Plan. CTPPL, currently in a Corporate Insolvency Resolution Process, reported a turnover of ₹19.57 crore as of March 31, 2023. The total resolution value is approximately ₹115 crore, with ₹25 crore payable upfront. The acquisition's completion is contingent upon approval from the National Company Law Tribunal and is expected within 60 days. This strategic move allows Authum to strengthen its position in the real estate sector, potentially enhancing revenue through lease rentals. Investors may view this as a positive outlook for the company's growth trajectory.