Promoter Mentor Capital Limited Sells 3.41% Stake in Authum Investment & Infrastructure Ltd, Generates ₹ 1,290 Crores

Mentor Capital Limited, a promoter of Authum Investment & Infrastructure Ltd, has sold approximately 3.41% of its stake in the company through secondary market transactions. The stake has been acquired by leading Foreign Institutional Investors (FIIs) and Domestic mutual fund. The transaction has generated proceeds of approximately ₹ 1,290 crores for Mentor Capital Limited. The promoter has infused the entire proceeds from the stake sale into Authum by way of a debt instrument at a minimum interest rate, substantially lower than prevailing market rates. Post a cooling off period of 90 days, the promoter is committed to convert the same funds in the form of long-term Debt or through preference shares in the Company, subject to its approval from shareholders/ regulators and all the required compliances. This infusion will act as a growth catalyst for Authum, providing additional liquidity to pursue expansion of core business activities including investments, and strengthening of their credit and ARC platform. This development, combining the entry of prestigious global institutional investors with fresh capital infusion by the promoter group, positions Authum for its next phase of strategic expansion and value creation.