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An announcement from Authum Investment & Infrastucture Ltd ( (IN:AIIL) ) is now available.
Authum Investment & Infrastructure Limited has acquired a significant stake in MIRC Electronics Limited, a company in the consumer durable industry known for manufacturing and trading consumer electronics. This acquisition, made through a preferential allotment of equity shares, gives Authum a 21.25% holding in MIRC, amounting to an investment of approximately INR 131.62 crores. The move is aimed at providing MIRC with necessary working capital to sustain its growth trajectory, reflecting Authum’s strategic interest in expanding its influence in the consumer electronics market.
More about Authum Investment & Infrastucture Ltd
Average Trading Volume: 223,791
Technical Sentiment Signal: Buy
Current Market Cap: 551.5B INR
For an in-depth examination of AIIL stock, go to TipRanks’ Overview page.