Business Update2 Jul 2024, 12:02 am
Authum Investment Acquires 7.29% Stake in Solara Active Pharma Sciences Ltd
AI Summary
Authum Investment & Infrastructure Ltd has acquired 35,00,000 equity shares of Solara Active Pharma Sciences Ltd, amounting to 7.29% of the company's total voting rights. This acquisition was made through market purchase and pledge on June 28, 2024. The shares acquired include 20,00,000 equity shares (4.17% of total voting rights) and 15,00,000 equity shares (3.12% of total voting rights) through other means.
Key Highlights
- Authum Investment & Infrastructure Ltd has acquired a 7.29% stake in Solara Active Pharma Sciences Ltd.
- The acquisition was made through market purchase and pledge on June 28, 2024.
- 20,00,000 equity shares (4.17% of total voting rights) were acquired through market purchase.
- 15,00,000 equity shares (3.12% of total voting rights) were acquired through other means.
- The acquisition is in accordance with the provisions of Regulation 29(1) of the SAST Regulations.