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EFC (I) Limited acquires Ultrafresh Modular Solutions for Rs 53.99 crore via share swap
18-Aug-2026, 06:11
EFC (I) Limited announced it has acquired 100% of the issued and paid-up capital of Ultrafresh Modular Solutions Limited, a modular home solutions company, for Rs 53.99 crore. The acquisition, to be completed by October 31, 2026, will be settled through a share swap involving the issuance of up to 19,99,996 equity shares and is intended to strengthen EFC (I) Limited’s furniture manufacturing and design & build solutions business, leveraging Ultrafresh’s presence in the modular furniture market and manufacturing plant in Nalagarh, Himachal Pradesh.
EFC (I) Limited announced it has acquired 100% of the issued and paid-up capital of Ultrafresh Modular Solutions Limited, a modular home solutions company, for Rs 53.99 crore. The acquisition, to be completed by October 31, 2026, will be settled through a share swap involving the issuance of up to 19,99,996 equity shares and is intended to strengthen EFC (I) Limited’s furniture manufacturing and design & build solutions business, leveraging Ultrafresh’s presence in the modular furniture market and manufacturing plant in Nalagarh, Himachal Pradesh.