Mentor Capital Reduces Stake in Authum Investment & Infrastructure
Mentor Capital sold a 2.7% stake in Authum Investment & Infrastructure Ltd for Rs 1,165 crore. Controlled by Sanjay and Alpana Dangi, the firm offloaded shares at Rs 2,500.58 each. Meanwhile, Fidelity International acquired a 1.61% stake in the company for Rs 685 crore.
- Country:
- India
On Thursday, Mentor Capital, a promoter of Authum Investment & Infrastructure Ltd, sold a 2.7% stake in the company for Rs 1,165 crore through open market transactions.
Sanjay and Alpana Dangi, the minds behind Mentor Capital, initiated the offloading of 46.61 lakh shares in the Mumbai-based non-banking financial company.
While Mentor Capital reduced its stake, U.S.-based Fidelity International bought a 1.61% stake for Rs 685 crore. Shares for both transactions hovered around Rs 2,500 apiece as Authum's stock closed with a 3.15% decline on the BSE.
(With inputs from agencies.)
Advertisement
ALSO READ
Bumrah's Absence: A Test Series Twist
GSLV rocket carrying NISAR earth observation satellite lifts off from Sriharikota.
ISRO-NASA's NISAR Satellite Launch: A Milestone in Earth Observation
Opposition MPs Walk Out Over PM Modi's Absence in Rajya Sabha
Parliamentary Ruckus: Opposition Walks Out Over PM Modi's Absence
Google News