Acquisitions18 Aug 2026, 04:50 pm
EFC (I) Ltd Acquires Ultrafresh Modular Solutions
AI Summary
EFC (I) Limited announced the acquisition of 100% stake in Ultrafresh Modular Solutions Limited for ₹270 per share, to be paid via preferential issue of equity shares. The acquisition aims to expand EFC's presence in the modular furniture segment. The board also approved seeking shareholder approval via postal ballot for the preferential issue. The transaction is not a related party transaction and has been conducted at arm's length.
Key Highlights
- EFC (I) Ltd to acquire 100% of Ultrafresh Modular Solutions Limited.
- Acquisition price is ₹270 per equity share.
- Payment will be through preferential issue of EFC (I) Ltd shares.
- Shareholder approval required via postal ballot.
- Transaction is at arm's length and not a related party deal.
Price Impact
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