Authum Investment & Infrastructure Limited has announced a major corporate update following its Board meeting on August 29, 2025. The Board approved several key decisions, including the planned sale of a stake in its recently incorporated subsidiary, Billion Dream Sports Private Limited (BDSPL).
The company has given in-principle approval to sell up to 20% of its 99.99% shareholding in BDSPL to the HRX Group. After the transaction, Authum will continue to hold an 80% stake, ensuring BDSPL remains its subsidiary. The move is part of a master franchise agreement, and the company will share further details once the sale agreement is executed.
Apart from the stake sale, the Board also approved the Annual Report for FY 2024-25, covering the Board’s Report, Management Discussion & Analysis, Business Responsibility & Sustainability Report, and CSR Report.
The Board also approved the continuation of directorship of Mr. Ajai Kumar and Mr. Santosh Balachandran Nayar as independent directors, pending shareholder approval. Both bring decades of experience in banking, finance, and corporate governance. Mr. Ajai Kumar has held top roles in Corporation Bank, Bank of Baroda, and National Payment Corporation of India, while Mr. Nayar has served in leadership positions at SBI, IFCI Limited, and IFCI-related policy initiatives, among others.
Additionally, the Board decided not to raise funds through QIP or preferential allotment at present and approved the notice for the 43rd AGM, scheduled to be held virtually on September 26, 2025.
