Authum Investment & Infrastructure Ltd

Authum Investment & Infrastructure Limited, a Public Limited Company was incorporated in India on July 17th, 1982 promoted by Mrs. Alpana Dang. The company is a registered NBFC engaged in the business ... of making investments in financial instruments like acquisition of shares & securities, real estate and financing of loans. The Company has its registered office in Mumbai, known as India's finance capital. The company had encashed a large part of its proprietary portfolio to acquire two businesses related to mortgage finance. However, pursuant to Rights Issue of the Company, the promoter holding changed from 86,15,906 Equity Shares i.e. 74.74% to 1,10,90,906 Equity Shares i.e. 68.72% of paid up equity share capital of the Company. The Company had bide for acquisition of assets of Reliance Home Finance Limited (RHFL) and acquisition of Reliance Commercial Finance Limited (RCFL). The Company had on 19th June, 2021 and 15 July, 2021 received letter of intent (LOI) from the Lead Bank i.e. Bank of Baroda on behalf of the Lenders of Inter Creditor Agreement (ICA) under Reserve Bank of India Directions, 2019 dated June 7, 2019 (RBI Directions) for the said acquisition of assets of RHFL and acquisition of RCFL. Both the LOI's are subject to approval by Non ICA Lenders, RBI and other regulatory and statutory requirements / approval. Read More