Authum Investment & Infrastructure completed the acquisition of BIC Cello from Societe BIC for INR1.53bn.

Authum Investment & Infrastructure, an India-based non-banking financial company, completed the acquisition of BIC Cello, a manufacturer and distributor of writing instruments, from Societe BIC, a French manufacturer of stationery, lighters, and shavers, for INR1.53bn. The acquisition supports Authum’s long-term strategy of creating a diversified, value-oriented portfolio and entry into stable, cash-generating businesses.