New Delhi, March 24 -- Authum Investment & Infrastructure shares gained over 2% in intra-day deals on Monday, March 24, after the company disclosed it had acquired an additional 3.82% stake in airline SpiceJet in an off-market transaction last week.

The company in an exchange filing revealed that it has picked up 4,90,00,000 shares, representing a 3.82% stake, as an encumbrance by way of pledge. Prior to this transaction, the non-banking finance company (NBFC) held 3,74,26,172 shares or 2.92% stake. After the encumbrance, the stake held by Authum Investment & Infrastructure in the airline reached 6.74% (8,64,26,172 shares).

The said shares were pledged on March 20. These shares are ordinary shares having a face value of Rs.10 and do not...