Atum Capital alleges fraud during share purchase of unlisted NSE shares

Atum Capital alleges it was defrauded of 500,000 NSE shares worth over ₹115 crore by Supremus Angel, which has denied the charge citing lack of evidence

Atum Capital, a financial services firm, has lodged a police complaint against Supremus Angel and others, accusing them of cheating and fraud involving the purchase of National Stock Exchange (NSE) shares.

 

In its complaint filed on June 7, Atum alleges that it was defrauded of nearly 500,000 NSE shares, valued at over ₹115 crore.   Terming the allegations baseless, Supremus Angel stated that there is no legal proof or documentation of the claimed transaction. "There has been no fraud or default from our side. We have fulfilled all our contractual obligations in good faith," said a spokesperson from Supremus Angel adding that the company has filed a legal complaint in the matter.   

 

 

Atum did not respond to emailed queries.

 

Meanwhile, NSE shares have witnessed a surge in demand in the unlisted market, with the number of public shareholders recently exceeding 100,000. 

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TPG Asia on Friday divested 10 per cent stake in Sai Life Sciences.The PE major sold 20.8 million shares at ₹722 a piece to mop up ₹1,505 crore. Among the buyers were Nippon India MF, Aditya Birla Sun Life MF and Invesco MF. Shares of Sai Life closed at ₹783, up 7.4 per cent. 

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