Authum Investment & Infrastructure: Promoter Sells 2.74% Stake to Institution

1 min read     Updated on 16 Aug 2025, 03:23 PM
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Reviewed by
Shriram ShekharBy ScanX News Team
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Overview

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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*this image is generated using AI for illustrative purposes only.

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.

Authum Investment Boosts Stake in Star Aerospace to 14.59%, Invests ₹112 Crore

1 min read     Updated on 07 Aug 2025, 11:12 PM
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Reviewed by
Shriram ShekharBy ScanX News Team
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Overview

Authum Investment & Infrastructure Limited has increased its stake in Star Aerospace Limited from 7.96% to 14.59%. The company acquired an additional 8,34,082 equity shares for approximately ₹112 crore at ₹134 per share. Star Aerospace, established in 2015, specializes in aerospace and defense manufacturing with a net worth of ₹86.91 crore, turnover of ₹84.18 crore, and EBITA of ₹25.08 crore. Authum views this acquisition as part of its portfolio diversification strategy, targeting sectors with growth potential.

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*this image is generated using AI for illustrative purposes only.

Authum Investment & Infrastructure Limited has significantly increased its stake in Star Aerospace Limited, a move that aligns with its strategy of portfolio diversification and investment in sectors with growth potential. The company acquired an additional 8,34,082 equity shares of Star Aerospace for approximately ₹112 crore through cash consideration.

Acquisition Details

Authum's stake in Star Aerospace has now risen from 7.96% to 14.59% of the company's expanded equity share capital. This substantial increase comes as a result of two transactions:

  1. Prior holding: 1,00,1000 equity shares (7.96% stake)
  2. New acquisition: 8,34,082 equity shares (6.63% stake)

The acquisition was made at a price of approximately ₹134 per share, valuing the total investment at around ₹112 crore.

About Star Aerospace Limited

Star Aerospace Limited, established in 2015, is a subsidiary of an Indian multinational group headquartered in Dehradun, Uttarakhand. The company specializes in the design, development, and manufacturing of high-precision mechanical and electro-optical systems for aerospace and defense applications.

Key financial highlights of Star Aerospace:

Metric Value (₹ in crore)
Net Worth 86.91
Turnover 84.18
EBITA 25.08

Star Aerospace has a track record of supplying defense equipment to the Indian Armed Forces and has established a presence in the USA, Southeast Asia, and the Middle East.

Strategic Implications

Authum Investment & Infrastructure Limited stated that this acquisition aligns with their long-term strategy of diversifying their portfolio while investing in sectors that demonstrate both stability and growth potential. The company aims to nurture and expand this business, focusing on maximizing value creation for all stakeholders and ensuring a sustainable, profitable future.

Regulatory Aspects

The transaction does not fall under related party transactions and required no governmental or regulatory approvals. Authum Investment & Infrastructure Limited made the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic move by Authum Investment & Infrastructure Limited reflects growing interest in the defense manufacturing sector, particularly in companies aligned with the Indian government's "Make in India" initiative. As Star Aerospace continues to expand its operations and global presence, this increased investment could potentially lead to further growth and development in the aerospace and defense manufacturing industry.

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