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Authum Investment stock jump 10%, acquires stake in Prataap Snacks
short by / on Monday, 3 March, 2025
Shares of Authum Investment & Infrastructure Limited surged 10% today following the company's latest disclosure on its acquisition of Prataap Snacks Limited (PSL). The stock witnessed strong buying interest after the company confirmed that it has acquired 42.33% of PSL’s voting share capital, making PSL an associate company of Authum Investment. Company has ROCE of 39.3% and ROE of 44%.