Acquisitions9 Oct 2025, 11:11 pm
Authum Investment Acquires 21.25% Stake in MIRC Electronics for Rs. 131.62 Crores
AI Summary
Authum Investment & Infrastructure Ltd has acquired a 21.25% stake in MIRC Electronics Limited, a consumer electronics company listed on BSE and NSE. The acquisition was made through a preferential allotment of 7,83,00,000 equity shares at a price of Rs. 16.81 per share, including a premium of Rs. 15.81. The total investment by Authum stands at Rs. 131,62,23,000. MIRC is engaged in the manufacturing and trading of consumer electronics durable goods with a net worth of INR 125.72 crores and a turnover of INR 757.42 crores as of 31 March, 2025. No governmental or regulatory approvals were required for the acquisition.
Key Highlights
- Authum Investment acquires 21.25% stake in MIRC Electronics for Rs. 131.62 crores
- Acquisition made through preferential allotment of 7,83,00,000 equity shares at Rs. 16.81 per share
- MIRC is a consumer electronics company with a net worth of INR 125.72 crores and a turnover of INR 757.42 crores as of 31 March, 2025
- No governmental or regulatory approvals required for the acquisition
- MIRC is engaged in the manufacturing and trading of consumer electronics durable goods