EFC (I) Ltd. Approves Rights Issue of Equity Shares up to ₹ 160 Crore

EFC (I) Ltd. announced that its Board of Directors has approved the issuance of fully paid-up equity shares with a face value of ₹2 each, not exceeding ₹ 160 crore (Rupees One Hundred and Sixty Crore) by way of a rights issue. The eligible equity shareholders of the Company, as on the record date, will be offered these rights issue in accordance with the applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The specific terms and conditions of the rights issue, such as the issue price, rights entitlement ratio, record date, timing of the rights issue, and terms of payment, will be determined and disclosed by the Board of Directors in due course.