Authum Investment & Infrastructure: Promoter Sells 2.74% Stake to Institution
Mentor Capital Limited, a promoter of Authum Inv & Infr, has sold approximately 2.74% of its stake in the company to a renowned institution through the secondary market. The promoters have committed not to sell any further stake for the next 12 months. Amit Dangi, Whole Time Director, disclosed this information, emphasizing the company's commitment to transparent communication with stakeholders.

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Authum Inv & Infr has announced a significant change in its shareholding pattern. According to a disclosure made to the stock exchanges, Mentor Capital Limited, a promoter of Authum Inv & Infr, has divested approximately 2.74% of its stake in the company.
Key Details of the Transaction
Aspect | Details |
---|---|
Seller | Mentor Capital Limited (Promoter) |
Stake Sold | Approximately 2.74% |
Buyer | A renowned institution (unnamed) |
Transaction Method | Secondary market |
Promoter's Future Commitment
In a notable development, the promoters of Authum Inv & Infr have made a clear statement regarding their future intentions:
- The promoters have confirmed they do not intend to sell any further stake in Authum Inv & Infr for the next 12 months.
- This commitment underscores their confidence in the company's prospects and aligns their interests with those of other shareholders.
Official Disclosure
The information was officially disclosed by Amit Dangi, Whole Time Director of Authum Inv & Infr. In the disclosure, Mr. Dangi stated:
"This disclosure is given keeping up with our commitment to transparent communication with all stakeholders."
Market Implications
While the immediate market reaction to this news remains to be seen, the entry of a renowned institution as a shareholder could be viewed positively by the market. Institutional investors often bring additional scrutiny and potentially improved governance practices.
The promoters' commitment to retain their remaining stake for at least a year might also provide stability to the stock price and reassure other investors about the company's direction.
Investors and market watchers will likely keep a close eye on any further developments or disclosures from Authum Inv & Infr in the coming days.