EFC (I) rises as its arm acquires 100% stake in Degwekar Industries
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EFC (I) is currently trading at Rs. 586.00, up by 8.95 points or 1.55% from its previous closing of Rs. 577.05 on the BSE.
The scrip opened at Rs. 590.00 and has touched a high and low of Rs. 590.00 and Rs. 570.80 respectively. So far 6728 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 618.00 on 20-Jun-2024 and a 52 week low of Rs. 165.20 on 13-Jul-2023.
Last one week high and low of the scrip stood at Rs. 610.00 and Rs. 556.00 respectively. The current market cap of the company is Rs. 2872.36 crore.
The promoters holding in the company stood at 45.57%, while Institutions and Non-Institutions held 8.08% and 46.35% respectively.
EFC’s (I) Unlisted Subsidiary -- Ek Design Industries has acquired 100% stake in ‘Degwekar Industries’. Accordingly, Degwekar Industries has become step down subsidiary of EFC (I). This acquisition will help to expand market presence and improve its operations. This move will bring significant benefits to its customers and stakeholders.
Ek Design Industries has also received approval for the execution of the Share Purchase Agreement (SPA) with relevant parties The Board of Directors of Ek Design Industries at their meeting held on 5 July, 2024, has approved the same.
EFC (I) (formerly known as Aamani Trading & Exports) is engaged in the business of real estate services, property management services & renting or leasing services involving own or leased non-residential property.
