Latest news with #SanjayDangi
&w=3840&q=100)
Business Standard
5 days ago
- Business
- Business Standard
Authum Investment & Infra promoter divests 2.7% stake for ₹1,165 cr
Mentor Capital, one of the promoters of Authum Investment & Infrastructure Ltd, on Thursday pared a 2.7 per cent stake in the NBFC firm for Rs 1,165 crore through open market transactions. Capital markets veteran Sanjay Dangi and his wife, Alpana Dangi, control Mentor Capital. According to the bulk deal data on the BSE, Mentor Capital offloaded 46.61 lakh shares, representing a 2.74 per cent stake in Mumbai-based Authum Investment & Infrastructure Ltd (AIIL). The shares were disposed of at an average price of Rs 2,500.58 apiece, taking the transaction value to Rs 1,165.60 crore. Meanwhile, US-based Fidelity International through its affiliate bought 27.41 lakh shares or 1.61 per cent stake in AIIL for Rs 685 crore through an open market transaction. The shares were picked up at an average price of Rs 2,500 apiece. Details of the other buyers of Authum Investment & Infrastructure's shares could not be ascertained on the exchange. Shares of Authum Investment & Infrastructure Ltd declined 3.15 per cent to close at Rs 2,891.90 apiece on the BSE. In July, Mentor Capital divested a 3.41 per cent stake in AIIL for Rs 1,307 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
5 days ago
- Business
- News18
Authum Invst Infra promoter pares 2.7 pc stake for Rs 1,165 cr
Agency: PTI New Delhi, Aug 14 (PTI) Mentor Capital, one of the promoters of Authum Investment & Infrastructure Ltd, on Thursday pared a 2.7 per cent stake in the NBFC firm for Rs 1,165 crore through open market transactions. Capital markets veteran Sanjay Dangi and his wife, Alpana Dangi, control Mentor Capital. According to the bulk deal data on the BSE, Mentor Capital offloaded 46.61 lakh shares, representing a 2.74 per cent stake in Mumbai-based Authum Investment & Infrastructure Ltd (AIIL). The shares were disposed of at an average price of Rs 2,500.58 apiece, taking the transaction value to Rs 1,165.60 crore. Meanwhile, US-based Fidelity International through its affiliate bought 27.41 lakh shares or 1.61 per cent stake in AIIL for Rs 685 crore through an open market transaction. The shares were picked up at an average price of Rs 2,500 apiece. Details of the other buyers of Authum Investment & Infrastructure's shares could not be ascertained on the exchange. Shares of Authum Investment & Infrastructure Ltd declined 3.15 per cent to close at Rs 2,891.90 apiece on the BSE. In July, Mentor Capital divested a 3.41 per cent stake in AIIL for Rs 1,307 crore. PTI HG HG MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Bloomberg
04-02-2025
- Business
- Bloomberg
A 900% Stock Surge Creates a Billionaire Couple in India
Even in Mumbai's increasingly wealthy financial circles — where initial public offerings have minted billionaires at a fast clip — the swiftness of Sanjay Dangi's rise is an outlier. Shares of Authum Investment & Infrastructure Ltd., a shadow bank controlled by Dangi, have surged 900% in the past three years. Authum, which invests in mid- and small-sized companies, has a market capitalization of about 288 billion rupees ($3.3 billion) making it more valuable than London-based Man Group Plc, the world's biggest publicly traded hedge fund, despite having only a fraction of its assets.
