Shares of Authum Investment & Infrastructure Ltd skyrocketed 14% and hit a 52-week high of Rs 1,957.60 on 1 January after the company secured approval from the Competition Commission of India (CCI) to acquire a 42.31% stake in Prataap Snacks. 

Authum Investment & Infrastructure had previously notified the bourses in September 2024 of its intention to purchase a 42.31% stake in Prataap Snacks through the execution of a share purchase agreement and an open offer for up to 62,98,351 equity shares, or 26.01% of the voting share capital.
 
The non-banking financial business (NBFC) had a bad second quarter of the fiscal year 2024–2025 (Q2FY25). Consolidated revenue from operations for the company was Rs 1,092.62 crore in Q2FY25, down 49.2% year-over-year (Y-o-Y) from Rs 2,151.75 crore in the same period the year before. 

Financial instrument investing, which encompasses loan financing, shares, stocks, and real estate, is Authum Investment & Infrastructure’s speciality. 

The company has made investments in both publicly and privately traded companies. Its registered office is located in Mumbai, India’s financial hub. In addition, it has offered real estate investments, private equity, growth capital, and debt products. 

Additionally, it offers structured finance, fixed-return portfolios, secured lending, and equity investments in new companies.

At 2:02 pm, the shares of Authum Investment were trading 13.89% higher at Rs 1,941.50 on NSE.

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