Authum Investment to acquire BIC Cello (India) Private Limited

Authum Investment & Infrastructure Limited (AIIL) has agreed to acquire 100% of the shares of BIC Cello (India) Private Limited for a cash consideration of INR 153.34 Crores, subject to closing adjustments. This acquisition, expected to be completed within 30 days, aligns with AIIL's objective of portfolio diversification and value creation.

BIC Cello (India) Private Limited, incorporated on December 1, 2008, specializes in the manufacturing and distribution of writing instruments and other stationeries. The company reported a net worth of INR 30.38 Crores and a turnover of INR 353.07 Crores as of March 31, 2025.

This transaction is not a related-party transaction and did not require governmental or regulatory approvals. The acquisition is a strategic step for Authum Investment & Infrastructure Limited, leveraging BIC Cello's strong fundamentals to enhance its business portfolio.