Authum Investment & Infrastructure Ltd. has successfully concluded the acquisition of Rivaara Labs. The transaction involves subscribing to 3,60,00,000 CCPS and purchasing 1,58,42,000 equity shares and 3,69,88,011 CCPS from existing shareholders. Following the completion, Authum Investment is entitled to exercise 35.09% of the total voting rights of Rivaara Labs. The balance of 40,00,000 CCPS will be acquired within the next 10 days.
Acquisition Overview
Authum Investment & Infrastructure Ltd. announced today the successful completion of its proposed acquisition of equity shares and cumulative compulsorily convertible participating preference shares (CCPS) of Rivaara Labs Private Limited.
Transaction Details
The acquisition comprises the following:
Future Plans
The remaining balance of 40,00,000 (Forty Lakhs) CCPS will be acquired within the next 10 days, as per the agreed terms.
Voting Rights
Upon completion of the total transaction, Authum Investment will be entitled to exercise 35.09% of the total voting rights of Rivaara Labs.
Source: BSE
