EFC (I) Ltd Completes 100% Acquisition of Ultrafresh Modular Solutions

EFC (I) Ltd has successfully completed the acquisition of 100% equity stake in Ultrafresh Modular Solutions Limited through a share swap. Following this transaction, Ultrafresh has now become a wholly-owned subsidiary of EFC (I) Ltd. The acquisition was completed by issuing 19,99,996 equity shares of EFC (I) Ltd in consideration for the equity shares of Ultrafresh. The cost of acquisition is reported as ₹53,99,98,920. This strategic move aims to strengthen and scale EFC (I) Ltd's existing furniture manufacturing and Design & Built solutions business by integrating Ultrafresh's complementary product portfolio, brand, and market presence. The acquisition is expected to create operational synergies, broaden product offerings, and enhance manufacturing and distribution capabilities in the organized modular solutions market.