Business Update30 May 2024, 08:32 pm
Reliance Infrastructure Ltd. Acquired by Authum Investment & Infrastructure Ltd. with 12.42% Stake
AI Summary
According to a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Authum Investment & Infrastructure Ltd. has acquired a significant stake in Reliance Infrastructure Ltd. The acquisition includes 4,43,41,194 shares carrying voting rights, resulting in a 12.42% stake in the company. The acquisition was made on 28.05.2024, as per the NCLT order dated 10/05/2024. The total equity share capital and total voting capital of the company remains unchanged at 39,61,31,194 shares both before and after the acquisition.
Key Highlights
- Authum Investment & Infrastructure Ltd. has acquired a 12.42% stake in Reliance Infrastructure Ltd.
- The acquisition includes 4,43,41,194 shares carrying voting rights.
- The acquisition was made on 28.05.2024 as per the NCLT order dated 10/05/2024.
- The total equity share capital and total voting capital of the company remains unchanged at 39,61,31,194 shares both before and after the acquisition.