Authum Investment & Infrastructure Limited — Important, 27-03-2025: General Updates

Authum Investment & Infrastructure Limited has announced a board meeting on the acquisition of 18.24 crore equity shares of India SME Asset Reconstruction Company Limited (ISARC), equating to a 79.28% stake. The company has received approval from the Reserve Bank of India for its sponsorship role in ISARC and the appointment of two directors to ISARC's board. Following these developments, ISARC will become a subsidiary of Authum. This strategic move could enhance Authum's asset management capabilities and potentially improve shareholder value, indicating a positive outlook for the company.