EFC (I) has acquired 1,40,00,000 0.001% Compulsorily Convertible Debentures (‘CCD’) at Face Value of Rs 100 each, at par on partly paid-up basis of EFC which is a material unlisted wholly owned Subsidiary of the Company. The strategic investment will help EFC to raise funds to strengthen the long term capital base of the company and to re-pay the unsecured loans taken by the company. Cost of acquisition is Rs 140 crore.
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.
