EFC (I) Ltd — Updates, 05-06-2025: Company Update

EFC (I) Limited has announced a board meeting on the acquisition of a 99.99% stake in Bigbox Serviced Office LLP, a managed office and co-working space entity. The acquisition, completed through cash capital contribution of Rs. 20,000, consolidates EFC’s control from 40% to nearly full ownership, turning Bigbox into a step-down subsidiary. This move strengthens EFC’s presence in the managed office industry, aiming to enhance operational reach and benefits for customers and stakeholders. The acquisition was made at arm’s length and involved no promoters or group interest beyond the disclosed entities.