Back
Corporate News
EFC (I) Limited to issue shares, raising Rs 53.99 crore to acquire Ultrafresh
18-Aug-2026, 06:11
EFC (I) Limited announced that its board approved the issuance of up to 19,99,996 equity shares with a face value of Rs 2 each to various non-promoter investors, including TTK Prestige Limited, at a price of Rs 270 per share, for a total consideration of Rs 53,99,98,920. The issuance, subject to shareholder and regulatory approvals, will be utilized to acquire a 100% stake in Ultrafresh from the sellers, with valuation reports provided by Mr. Mukesh Kumar Jain and fairness opinion from Rarever Financial Advisors, and independently carried out by Deloitte Touche Tohmatsu India LLP.
EFC (I) Limited announced that its board approved the issuance of up to 19,99,996 equity shares with a face value of Rs 2 each to various non-promoter investors, including TTK Prestige Limited, at a price of Rs 270 per share, for a total consideration of Rs 53,99,98,920. The issuance, subject to shareholder and regulatory approvals, will be utilized to acquire a 100% stake in Ultrafresh from the sellers, with valuation reports provided by Mr. Mukesh Kumar Jain and fairness opinion from Rarever Financial Advisors, and independently carried out by Deloitte Touche Tohmatsu India LLP.