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26-Aug-2025 12:47
Authum Investment gains after inking pact to acquire 35% stake in Rivaar Labs
The investment includes a primary infusion of Rs 36 crore for subscribing to 3,60,00,000 cumulative compulsorily convertible participating preference shares (CCPS) of Rivaara Labs, with a face value of Rs 10 each. In addition, a purchase consideration of Rs 56.83 lakh will be paid to acquire existing securities, which include 1,58,42,000 equity shares and 4,09,88,011 CCPS.
The said acquisition aligns with the company's long-term strategy of diversifying its portfolio while investing in sectors that demonstrate both stability and growth potential. The company's intention is to nurture and expand this business, maximizing value creation for all stakeholders and ensuring a sustainable, profitable future.
Authum Investment is engaged in the business of providing loans and making investments/trading in shares and securities.
The company's consolidated net profit declined 14% to Rs 942.99 crore in Q1 FY26, compared with Rs 1,096.63 crore in Q1 FY25. Total income tumbled 13.7% YoY to Rs 1224.28 crore in Q1 FY26.
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