India's Authum Investment jumps on regulator nod to buy stake in Prataap Snacks

Authum Investment & Infrastructure

01/01/2025 07:36

** Shares of Authum Investment & Infrastructure  AUTH.NS 
rise as much as 12.6% to record high of 1,919 rupees
    ** Stock last up 11.6% in heavy trading volume
    ** The NBFC gets India's competition regulator's nod to buy
72.89% stake in Prataap Snacks  PRAT.NS , along with investor
Mahi Madhusudan Kela
    ** Prataap Snacks shares are down 1% 
    ** AUTH trading vol of ~480,000 shares is 10x the 30-day avg
and stock's busiest day since Aug 12, 2024
    ** Stock has more than doubled since listing on NSE on April
23, 2024

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))