EFC (I) acquires 100% stake in Degwekar Industries

EFC (I) Limited (BSE: EFCIL) has announced the acquisition of a 100% stake in Degwekar Industries Private Limited from Ek Design Industries Limited, as per a regulatory filing on February 25, 2025. The acquisition makes Degwekar Industries a wholly-owned subsidiary of EFC (I). Degwekar Industries has an authorized and paid-up share capital of ₹100,000 each, divided into 10,000 equity shares of ₹10 each, and reported a turnover of ₹0.83 Crore for FY 2023-24. The company stated that the acquisition, valued at ₹100,000 (₹10 per share), aligns with its strategy to expand its portfolio in commercial real estate and IT park projects, which complements EFC (I)'s existing serviced office business. The deal has been completed.