Alpha Tribe

EFC (I) LtdImportant, 26-05-2026: Company Update

26-05-2026 · 04:47 pm

EFC (I) Limited has finalized its Rights Issue, with the Board approving the allotment of 1.06 Cr fully paid-up equity shares on May 25, 2026. The issue, priced at ₹150 per share (including a ₹148 premium), successfully raised approximately ₹159.94 Crore. The Rights Issue saw significant investor interest, being oversubscribed by 227.44% of the allotted shares. Eligible shareholders who applied can expect shares to be credited to their demat accounts around May 26, 2026, with trading anticipated to commence on May 27, 2026. This successful capital raise strengthens the company's financial position.

No comments yet. Be the first to comment!

All announcements from EFC (I) Ltd