EFC (I) Ltd — Updates, 29-07-2025: Company Update
29-07-2025 | 06:09 pm
29-07-2025 | 06:09 pm
EFC (I) Limited's wholly-owned subsidiary, EFC Limited, has allotted 150 Compulsorily Convertible Debentures (CCDs) to the parent company. This 15 Cr transaction converts an existing unsecured loan into these CCDs, restructuring the subsidiary's debt. Each CCD has a face value of 0.1 Cr. EFC Limited operates in the managed office and co-working space industry, demonstrating strong growth with turnover increasing from 119.18 Cr in FY23 to 352.72 Cr in FY25. This internal financial restructuring is vital for strengthening the subsidiary's capital structure and supporting the group's continued expansion in this segment.
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