Goldman Sachs Acquires Rs 200 Crore Stake in Authum Investment at 20% Discount
Goldman Sachs (Singapore) Pte purchased nearly 9 lakh shares of PBA Infrastructure for Rs 200 crore through a bulk deal. The shares were acquired at Rs 2,250.00 per share, a 20% discount to the previous day's closing price. PBA Infrastructure, with a market cap of Rs 46,028.00 crore, has shown strong stock performance with 163% returns in the last 12 months and 44% year-to-date gains. The company's recent quarterly results reported an 81.11% increase in revenue to Rs 16.30 crore and a 900% increase in net profit to Rs 3.00 crore. However, the operating profit for the quarter was negative at Rs -4.00 crore.
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.