EFC (I) Limited sold its wholly-owned subsidiary, Sanvritti Alpha, and its underlying Pune real estate asset for INR 39 Cr. This "Asset Sale and Lease Back" structure means EFC continues operating the coworking spaces, unlocking value while maintaining operations.
EFC (I) Limited has updated its Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information, approved by the Board. The updated policy is available on the company website.
EFC (I) Limited is undertaking a rights issue of equity shares to raise up to ₹159.94 Cr. Funds will be used for working capital needs of the company and its subsidiaries, EK Design Industries and EFC Limited, plus general corporate purposes.
