EFC (I) Ltd Allots 19.99 Lakh Shares for Ultrafresh Acquisition

EFC (I) Ltd has approved the allotment of 19,99,996 equity shares, each with a face value of ₹2, at an issue price of ₹270 per share. This preferential issue, aggregating to ₹53,99,98,920 (₹53.99 Crore), is part of the acquisition of a 100% stake in Ultrafresh Modular Solutions Limited via a share swap. The shares are allotted on a preferential basis to non-promoter shareholders of Ultrafresh, for consideration other than cash. These new shares will rank pari-passu with the existing equity shares of EFC (I) Ltd. The transaction involves 9 investors, with TTK Prestige Limited being the largest allottee.