New Delhi, May 14 -- Shares of Authum Investment & Infrastructure surged over 10 percent on Wednesday, May 14, touching a fresh all-time high of Rs.2,135.95, after the company announced revised terms of its proposed investment in India SME Asset Reconstruction Company Limited (ISARC). The company executed a supplemental agreement on May 13, 2025, which updates the original terms outlined in the agreement signed on October 14, 2024.

As per the new agreement, Authum will subscribe to 13 crore equity shares of ISARC at Rs.14.86 per share, based on an updated valuation report, bringing the total subscription amount to Rs.193.18 crore. This move will give the company a 56.52 percent stake in ISARC on a fully diluted basis.

In addition to the...