Authum Investment secures ₹400 crore from promoter via NCRPS

• Authum Investment & Infrastructure Ltd raised ₹400 crore by issuing 40 lakh Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS).
• The NCRPS were allotted to Mentor Capital Limited, the company's promoter, at an issue price of ₹1,000 per share.
• The company previously approved a 4:1 bonus share issue, adding 67.94 crore new equity shares and increasing paid-up capital to 84.92 crore shares.
• Authum's board also approved an increase in authorized share capital from ₹100 crore to ₹128 crore.
• Shares of Authum Investment & Infrastructure Ltd closed up 1.74% at ₹2,645.00 on the BSE.

Why It Matters: Authum Investment's fundraise and bonus issue impact company finances and shareholders.