Authum Investment & Infrastructure Limited (AIIL) has successfully completed a significant acquisition in Rivaara Labs Private Limited, as disclosed in a recent regulatory filing. The transaction, which concluded on October 30, 2025, marks a substantial investment in the healthcare sector for AIIL.

Transaction Details

The acquisition comprised multiple components:

CCPS: Cumulative Compulsorily Convertible Participating Preference Shares

Key Points of the Acquisition

• AIIL subscribed to 360 million CCPS issued by Rivaara Labs.
• The company purchased 158.42 million equity shares and 369.88 million CCPS from existing shareholders of Rivaara Labs.
• An additional 40 million CCPS are set to be acquired within the next 10 days, as per the agreed terms.
• Following this transaction, AIIL is entitled to exercise 35.09% of the total voting rights in Rivaara Labs.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transaction follows AIIL's earlier announcement on August 26, 2025, regarding the proposed acquisition.

Market Impact

This strategic move by Authum Investment & Infrastructure Limited represents a significant expansion in its investment portfolio. The acquisition of a substantial stake in Rivaara Labs may potentially impact AIIL's market position and financial performance in the coming quarters.

Investors and market watchers may want to keep a close eye on how this acquisition affects AIIL's business strategy and financial outcomes in the healthcare sector. The transaction underscores AIIL's commitment to diversifying its investments and potentially entering new markets.

As the remaining portion of the acquisition is expected to be completed within the next 10 days, further updates may be forthcoming. Stakeholders are advised to monitor official communications from the company for any additional information regarding this significant corporate action.

Authum Investment & Infrastructure Limited (Authum) has received a significant boost to its credit profile as CRISIL Ratings upgraded its long-term bank loan facilities rating to 'Crisil A/Stable' from 'Crisil A-/Stable'. This upgrade applies to facilities worth Rs. 1000 crore, reflecting the company's strengthened financial position and diversified business strategy.

Key Highlights

• Credit Rating Upgrade: CRISIL Ratings has upgraded Authum's long-term bank loan facilities rating to 'Crisil A/Stable' from 'Crisil A-/Stable'.
• Strengthened Capital Position: The company's networth increased to Rs 14,690 crore as of March 31, 2025, and further to Rs 16,670 crore by June 30, 2025.
• Diversified Business Strategy: Authum is expanding into lending, asset reconstruction, and collections services.
• Profitable Performance: Consolidated profit after tax for fiscal 2025 stood at Rs 4,241 crore.

Financial Performance

Authum's financial performance has shown remarkable strength, as evidenced by its latest financial indicators:

All figures in Rs. crore, except Gearing which is in times

Business Diversification

The company is actively diversifying its business model:

• Investment Portfolio: Constitutes 79% of total assets as of March 31, 2025.
• Lending Business: Growing steadily, with a loan book of Rs 2,168 crore as of March 31, 2025.
• Asset Reconstruction: Recently acquired an ~88% stake in India SME Asset Reconstruction Company Limited (ISARC).

Asset Quality

Authum maintains a focus on asset quality:

• Gross Non-Performing Assets (GNPA): 10.5% (including PTC) and 3.8% (excluding PTC) as of June 30, 2025.
• Net Non-Performing Assets (NNPA): 0.9% (including PTC) and 1.1% (excluding PTC) as of June 30, 2025.

Future Outlook

CRISIL Ratings maintains a 'Stable' outlook for Authum, expecting the company's capitalization to remain healthy. The rating agency anticipates continued diversification in Authum's business risk profile through sustained and profitable scale-up in non-investment businesses.

However, the company's performance remains susceptible to macroeconomic factors and volatility in capital markets, given its significant investment portfolio. Authum's ability to maintain asset quality and profitability while scaling its non-investment businesses will be crucial for its future growth and stability.

The credit rating upgrade reflects Authum's strengthened financial position and its strategic moves towards business diversification. As the company continues to expand its lending and asset reconstruction services, it will be important to monitor its ability to maintain strong asset quality and profitability in these new ventures.