Authum Investment increases SpiceJet stake to 6.74%

Authum Investment & Infrastructure has increased its stake in SpiceJet to 6.74%. This follows the acquisition of an additional 3.82% stake, totaling 4,90,00,000 shares. Prior to this purchase, Authum held a smaller 2.92% stake. On March 24, the company's shares rose over 2% during trading. The stock reached a high of ₹ 1585 after opening at ₹ 1560. Over the past year, Authum’s stock has returned 105% to investors, and it has increased by an impressive 20,290% over the last five years. Recently, Authum announced dividends for its shareholders. A 7% interim dividend was declared for preference shares, equating to ₹ 0.7 per share. For equity shareholders, a 100% interim dividend was approved, which amounts to ₹ 1 per share. The record date for these dividends is set for March 27, and payments are expected by April 19. Investors are reminded to consult experts before making investment decisions.