Authum Investment & Infrastructure Limited (AIIL) has successfully concluded the acquisition of equity shares of India SME Asset Reconstruction Company Limited (ISARC) on June 17, 2025.
The transaction involved:
Acquisition of 13,00,00,000 (thirteen crore) equity shares through fresh subscription.
Acquisition of 7,32,50,000 (seven crore thirty-two lakh and fifty thousand) equity shares from eight existing shareholders.
Following the acquisition, AIIL now holds 20,32,50,000 (twenty crore thirty-two lakh and fifty thousand) equity shares of ISARC, representing approximately 88.37% of its paid-up share capital on a fully diluted basis.
Consequently, ISARC has become a subsidiary of Authum Investment & Infrastructure Limited.
In line with the Reserve Bank of India's approval dated March 26, 2025, two directors nominated by AIIL will be appointed to ISARC's Board once the Company's name appears in the Register of Members.