Authum Investment & Infrastructure Limited — Important, 08-08-2025: Agreements
08-08-2025 | 04:41 pm
08-08-2025 | 04:41 pm
Authum Investment & Infrastructure has deepened its investment in Star Aerospace Limited, increasing its stake to 14.59% (fully diluted) with a fresh ~₹112 Cr cash infusion. This strategic move aligns Authum's portfolio with the high-growth aerospace and defense sector. Star Aerospace, a key 'Make in India' player, specializes in precision defense manufacturing. With FY25 turnover of ₹84.19 Cr and EBITDA of ₹25.08 Cr, Authum aims to nurture this business for long-term value creation.
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