Authum Investment & Infrastructure Ltd. has increased its stake in MIRC Electronics Limited to 21.25% following the allotment of 7,83,00,000 equity shares. The investment, valued at ₹131.62 crore, was made at a price of ₹16.81 per share via preferential allotment. This move underscores Authum’s strategic investment in MIRC, a company engaged in the consumer electronics sector.
Strategic Investment in MIRC Electronics
Authum Investment & Infrastructure Ltd. has announced a significant increase in its equity holding in MIRC Electronics Limited (MIRC). Following a preferential allotment, Authum now holds 21.25% of MIRC’s equity, inclusive of a pre-existing holding of 0.07%.
Details of the Allotment
The company acquired 7,83,00,000 equity shares of MIRC Electronics at a price of ₹16.81 per share. This investment totals ₹131.62 crore. MIRC Electronics, a company listed on both BSE and NSE, operates in the consumer electronics durables industry.
MIRC Electronics Overview
MIRC Electronics Limited is engaged in the manufacturing and trading of consumer electronics durable goods. As of March 31, 2025, MIRC reported a net worth of ₹125.72 crore and a turnover of ₹757.42 crore.
Rationale Behind the Acquisition
Authum Investment aims to provide working capital and support the growth trajectory of MIRC Electronics. The company plans to maintain its 21.25% stake throughout the term of the Share Purchase and Shareholders’ Agreement.
Source: BSE
