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EFC (I) Ltd. ( (IN:EFCIL) ) has shared an update.
EFC (I) Limited has increased its equity stake in subsidiary Ek Design Industries Limited, a Pune-based manufacturer of wood and metal furniture, from 76% to 89.59% through an arm’s length acquisition of additional shares priced at Rs 1,800 per share. The company has also acquired additional shares in associate Forty Two Ventures Limited, which operates in real estate as a service, at Rs 10 per share, converting it from an associate into a wholly owned subsidiary, a move that tightens EFC’s control over its core operating entities and is likely to streamline governance, consolidate financial results, and sharpen strategic alignment across its furniture and real-estate services platform.
More about EFC (I) Ltd.
EFC (I) Limited is an India-listed company with interests spanning furniture manufacturing and real-estate-related services through its subsidiaries and associates. Its subsidiary Ek Design Industries Limited manufactures wood and metal furniture from a three-acre facility in Pune, while associate company Forty Two Ventures Limited operates in the “real estate as a service” segment, reflecting EFC’s focus on workspace and property-related solutions.
Average Trading Volume: 83,309
Technical Sentiment Signal: Strong Buy
Current Market Cap: 30.14B INR
For a thorough assessment of EFCIL stock, go to TipRanks’ Stock Analysis page.