Goldman Sachs Acquires Rs 200 Crore Stake in Authum Investment at 20% Discount Jul 25, 2025
More news about PBA infrastructure
25Jul 25
Authum Investment Shares Rebound as FIIs Acquire 3% Stake in Block Deal
PBA Infrastructure shares show signs of recovery after an initial 18% drop following an Enforcement Directorate (ED) enquiry. The stock is now trading at ₹2510.80, down 10.60%. The ED's investigation relates to Reliance Commercial Finance Ltd. and Reliance Home Finance Ltd., acquired by PBA in October 2022. The company has submitted all relevant documentation to authorities. A block deal involving three foreign institutional investors and one domestic mutual fund, acquiring a 3% stake, has boosted investor confidence. As of the June quarter, promoters held a 74.50% stake in PBA Infrastructure.