EFCIL Allots 20 Lakh Equity Shares Worth ₹54 Crore for Ultrafresh Acquisition
EFC (I) Limited approved allotting 19,99,996 equity shares at ₹270 each, totaling ₹53.99 Crore. This is for acquiring 100% stake in Ultrafresh Modular Solutions Limited via share swap. The shares are allotted to nine non-promoter investors.
The acquisition of a 100% stake in Ultrafresh Modular Solutions Limited and the subsequent share allotment are significant corporate actions that could impact the company's structure and future performance.
The company is undertaking a strategic acquisition through share allotment, which is a positive development for growth.
EFC (I) Limited has approved the allotment of 19,99,996 equity shares, each with a face value of ₹2, at an issue price of ₹270 per share (including a premium of ₹268). This preferential allotment, aggregating to ₹53,99,98,920 (₹53.99 Crore), is for consideration other than cash.
The allotment is part of the acquisition of a 100% stake in Ultrafresh Modular Solutions Limited on a fully diluted basis, executed through a share swap. The newly allotted shares will rank pari passu with the existing equity shares of EFC (I) Limited.
This decision follows previous intimations dated August 13, 2026, and August 18, 2026, and is in compliance with SEBI Listing Regulations. The shares have been allotted to nine non-promoter investors, including TTK Prestige Limited, Dhruv Dinesh Trigunayat, and Priya Trigunayat, among others.
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EFC (I) Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by EFC (I) Limited. Read the original for the full detail.