Merger29 Jul 2026, 07:40 pm
EFC (I) Ltd Withdraws Proposed Demerger Scheme
AI Summary
EFC (I) Ltd, along with its wholly-owned subsidiary EFC Limited and step-down subsidiaries EFC Estate Marisoft 1 Private Limited, EFC Estate Marisoft 2 Private Limited, and EFC Estate Wakadewadi GF Private Limited, have decided to withdraw the proposed Scheme of Arrangement for Demerger. This decision was made considering the current legal and regulatory environment, operational needs, and overall business interests. The companies will file an application to withdraw the scheme, which was intended to be implemented via the Fast Track Merger route under Section 233 of the Companies Act, 2013.
Key Highlights
- Proposed demerger scheme involving subsidiaries has been withdrawn.
- Decision based on legal, regulatory, and business considerations.
- Withdrawal application to be filed with the Regional Director.
- Scheme was to be implemented via Fast Track Merger route.
Price Impact
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