Subsidiary7 May 2026, 07:11 pm
EFC (I) Ltd Incorporates Two Wholly-Owned Subsidiaries
AI Summary
EFC (I) Limited has announced the incorporation of two new wholly-owned subsidiaries, EFC Estate Marisoft 3 Private Limited and EFC Estate Marisoft 4 Private Limited, with Certificates of Incorporation received on May 7, 2026. These subsidiaries will hold/acquire properties in Pune, demerged from EFC Limited, a material wholly-owned subsidiary of EFC (I) Limited. The consideration for the incorporation was in cash, with EFC (I) Limited subscribing to 100% of the shares (100 equity shares of ₹10 each) in both entities.
Key Highlights
- EFC (I) Ltd incorporates EFC Estate Marisoft 3 and 4 as wholly-owned subsidiaries.
- Incorporation certificates received from Ministry of Corporate Affairs on May 7, 2026.
- Subsidiaries will hold/acquire properties in Pune via demerger from EFC Limited.
- EFC (I) Limited holds 100% shareholding in both new entities.
- The industry to which the entities being incorporated belongs is Real Estate as a service.
Price Impact
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