Acquisitions26 Dec 2025, 08:52 pm
EFC (I) Ltd Acquires Ek Design Industries Limited and Forty Two Ventures, Boosting its Manufacturing and Real Estate Business
AI Summary
EFC (I) Ltd, a Real Estate as a Service Company, has announced the acquisition of Ek Design Industries Limited and Forty Two Ventures. Ek Design, a subsidiary of EFC (I) Ltd, is engaged in the manufacturing of wood and metal-based furniture products. Forty Two, an Associate company of EFC (I) Ltd, is involved in real estate as a service. The acquisitions increase EFC (I) Ltd's stake to 89.59% in Ek Design and make Forty Two a wholly-owned subsidiary. The acquisitions were made at arm's length and were completed for a cash consideration.
Key Highlights
- EFC (I) Ltd acquires Ek Design Industries Limited, a subsidiary engaged in furniture manufacturing
- EFC (I) Ltd also acquires Forty Two Ventures, an Associate company involved in real estate as a service
- The acquisitions increase EFC (I) Ltd's stake to 89.59% in Ek Design and make Forty Two a wholly-owned subsidiary
- The acquisitions were made at arm's length for a cash consideration
- Ek Design and Forty Two are based in India