Authum Investment & Infrastructure Limited Secures NCLT Approval for Creatoz Builders Acquisition
Authum Investment & Infrastructure Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for a Resolution Plan to acquire Creatoz Builders Private Limited. The acquisition pertains to the entity that was undergoing a Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016.The NCLT order was uploaded to the Insolvency and Bankruptcy Board of India (IBBI) website on July 16, 2026. This approval follows an earlier announcement made by the company on October 10, 2024.
Creatoz Builders Private Limited is a private limited company incorporated under the Companies Act, 1956, and operates within the real estate industry. By acquiring this entity, Authum Investment & Infrastructure Limited intends to establish a presence in the real estate sector. The company aims to leverage the value of the underlying assets associated with Creatoz Builders Private Limited to generate revenue through monetization.
The acquisition marks a strategic move for Authum Investment & Infrastructure Limited to diversify its portfolio and capitalize on opportunities within the real estate market.
AIIL Stock Price Movement
Authum Investment & Infrastructure Limited shares rallied by 7.88% on Friday to settle at ₹571.00. The stock saw robust activity with a turnover of 2.64 million shares as it traded in a wide range between ₹511.15 and ₹584.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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