Acquisitions14 May 2025, 02:17 am
Authum Investment Acquires Majority Stake in India SME Asset Reconstruction Company for Rs. 3,12,50,42,500
AI Summary
Authum Investment & Infrastructure Ltd. is set to invest Rs. 3,12,50,42,500 in India SME Asset Reconstruction Company Limited (ISARC), acquiring 88.37% of the voting rights. The investment aligns with Authum's strategy of building a diversified credit business, with ISARC serving as a platform for acquisition and turnaround of distressed assets. The acquisition is subject to completion of conditions precedent and is expected to be completed by July 31, 2025.
Key Highlights
- Authum Investment to invest Rs. 3,12,50,42,500 in India SME Asset Reconstruction Company
- Acquisition of 88.37% voting rights in ISARC
- ISARC to be a subsidiary of Authum Investment upon completion
- Alignment with Authum's strategy of building a diversified credit business
- Acquisition subject to completion of conditions precedent by July 31, 2025