Authum Investment & Infrastructure has made investment in Star Aerospace (Star) of 8,34,082 fully paid-up equity shares of Rs 10 each representing 6.63% of the expanded equity share capital of Star. Prior to this acquisition the company held 1,00,1000 equity shares of Rs 10 each fully paid up representing 7.96% of the expanded equity share capital of Star. Considering the prior and present holding, the company presently holds 14.59% of expanded equity share capital of Star (on fully diluted basis). Cost of acquisition and/or the price at which the shares are acquired is approximately Rs 112 crore. 

This acquisition aligns with the company’s long-term strategy of diversifying its portfolio while investing in sectors that demonstrate both stability and growth potential. Its intention is to nurture and expand this business, maximizing value creation for all stakeholders and ensuring a sustainable, profitable future for the company.  

Authum Investment & Infrastructure is a registered NBFC carrying on the business of investment in shares and securities and also financing activities to achieve the goal of enhancing the value for its stakeholders.