Subsidiary6 May 2026, 10:31 pm
EFC (I) Ltd Incorporates Wholly-Owned Subsidiary
AI Summary
EFC (I) Limited has announced the incorporation of a wholly-owned subsidiary, "EFC Estate Wakadewadi 3 Private Limited". The Certificate of Incorporation was received on May 6, 2026, from the Ministry of Corporate Affairs. The subsidiary will hold/acquire property located in Pune, Maharashtra, through a demerger from EFC Limited. The cost of subscription for the shares is ₹1,000, divided into 100 equity shares of ₹10 each, with EFC (I) Limited holding 100% of the shareholding.
Key Highlights
- EFC (I) Ltd incorporates 'EFC Estate Wakadewadi 3 Private Limited' as a wholly-owned subsidiary.
- The subsidiary will hold/acquire property in Pune through a demerger.
- EFC (I) Limited holds 100% shareholding in the new subsidiary.
- The subsidiary's incorporation aligns with real estate as a service.
Price Impact
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