EFC (I) has entered into a Share Acquisition Agreement (SPA) to acquire 100% stake in Ultrafresh Modular Solutions (Ultrafresh), subject to fulfilment of the conditions precedent under the agreement.
The proposed acquisition is a natural extension of EFC’s existing furniture manufacturing and Design & Build businesses. Ultrafresh’s modular kitchens, wardrobes and customised interior solutions are complementary to EFC’s existing product and service offerings. The acquisition will combine EFC’s manufacturing, supply-chain and Design & Build capabilities with Ultrafresh’s dedicated design and execution team, and manufacturing facility at Nalagarh, Himachal Pradesh. Ultrafresh’s manufacturing presence in North India will also provide EFC with a strategic regional footprint and strengthen its manufacturing and distribution capabilities.
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.
| Company Name | CMP |
|---|---|
| Indegene | 557.05 |
| Syngene Internatl. | 399.90 |
| JITF Infralogistics | 311.20 |
| CMS Info Systems | 260.55 |
| Sagility | 42.43 |
| View more.. | |
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