NEW DELHI: EFC (I), a managed workspace operator based in Pune, has received approval from its board to raise up to ₹159.94 crore through a rights issue of equity shares, as detailed in a regulatory filing.
The board initially approved the rights issue on April 3, 2026, and has now approved the issuance of 1,06,62,786 fully paid-up equity shares at a price of ₹150 each, which includes a face value of ₹2 and a premium of ₹148.
The rights entitlement ratio is set at 8:103, meaning eligible shareholders can claim eight rights equity shares for every 103 fully paid-up equity shares held as of the record date.
Following the completion of the rights issue, the company’s total outstanding equity shares will rise from the current 13.72 crore to 14.79 crore.
In another development, the company has established a new wholly-owned subsidiary, EFC Estate Wakadewadi 2, after receiving the certificate of incorporation from the Ministry of Corporate Affairs on April 29, 2026.
This new entity will focus on acquiring and holding commercial property located at Godrej Eternia in Shivaji Nagar, Pune, via a demerger from EFC, a wholly-owned subsidiary of EFC (I).
The company has acquired 100% of the new subsidiary’s shareholding at a nominal value of ₹1,000, comprised of 100 equity shares of ₹10 each.
