Authum Investment & Infrastructure Ltd. has been selected as the Successful Resolution Applicant for A A Estates Private Limited (AAEPL). The Resolution Professional issued a Letter of Intent on January 27, 2026, which Authum Investment accepted on January 29, 2026. This acquisition is subject to the approval of the National Company Law Tribunal (NCLT), Mumbai Bench. The cash consideration for the acquisition is ₹36,00,00,000, resulting in 90% control.
Acquisition of A A Estates
Authum Investment & Infrastructure Ltd. has emerged as the Successful Resolution Applicant for the acquisition of A A Estates Private Limited (AAEPL). A Letter of Intent (LOI) was issued by the Resolution Professional on January 27, 2026, and subsequently accepted by Authum Investment on January 29, 2026.
Details of the Acquisition
The acquisition is subject to the decision of the National Company Law Tribunal (NCLT), Mumbai Bench, and any other relevant courts or tribunals. AAEPL, incorporated on July 17, 1996, is currently undergoing a Corporate Insolvency Resolution Process (CIRP) which commenced on December 6, 2022.
AAEPL’s Business Overview
A A Estates Private Limited (AAEPL) is involved in real estate activities, holding development rights in multiple projects across Mumbai. The cash consideration for this acquisition is ₹36,00,00,000. Authum Investment will acquire 90% control of AAEPL through this resolution process. The turnover for AAEPL as per Financial Statements for FY 2019-2020 is NIL.
Strategic Rationale
This acquisition represents a strategic investment in the real estate sector, enabling Authum Investment to leverage the underlying assets and generate revenue through monetization. Completion of the acquisition is expected within 30 days from the date of approval by the Hon’ble National Company Law Tribunal, Mumbai Bench (Adjudicating Authority).
Source: BSE
