Authum Investment to acquire additional 2.01% stake in Welspun Michigan Engineers


Authum Investment & Infrastructure has entered into a Share Purchase Agreement on January 28, 2025 (Agreement) with inter alia Fornido Developers, Aayushman Nuwal and Welspun Michigan Engineers (WMEL), for acquisition of 34,802 equity shares of WMEL representing 2.01% of equity share capital.

Upon completion of acquisition, the Company’s total stake in WMEL will increase from 10.95% to 12.96%. The transaction is expected to be completed on or before January 31, 2025 unless extended mutually amongst the parties. 

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.





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