EFC (I) Ltd Notifies Equity Shareholders of Demerger Scheme

EFC (I) Limited has issued a notice to its equity shareholders and unsecured creditors regarding a Scheme of Arrangement (Demerger). The scheme involves the demerger of EFC Limited's asset-light managed office solutions business into EFC (I) Limited. The National Company Law Tribunal (NCLT) has dispensed with the need for meetings of shareholders and creditors, as the demerger will not impact their rights or the shareholding structure of EFC (I) Limited. The Demerged Company is a wholly-owned subsidiary of the Resulting Company, and no new shares or consideration are involved. Details of the scheme are available on the company's website.