EFC (I) Limited Incorporates Wholly-Owned Subsidiary in Real Estate Sector
EFC (I) Limited has successfully incorporated a wholly-owned subsidiary, EFC Estate Wakadewadi 3 Private Limited. The Certificate of Incorporation for the new entity was received on May 6, 2026, establishing its presence in the real estate as a service sector.The subsidiary, named EFC Estate Wakadewadi 3 Private Limited (referred to as 'EFC Wakadewadi 3'), is wholly owned by EFC (I) Limited.
EFC Wakadewadi 3 Private Limited’s primary line of business involves holding and acquiring property situated at the 3rd floor, B Wing/ building, within the commercial complex known as Godrej Eternia. This property is constructed on sub divided Final Plot bearing No. 64/A1, 64/B1 and 64/B2, located at village Bhamburda - Shivaji Nagar, Taluka Pune City, District Pune, within the limits of the Pune Municipal Corporation. The property is being acquired through a demerger from EFC Limited, which is a material wholly-owned subsidiary of EFC (I) Limited.
The incorporation details and ownership structure of EFC Wakadewadi 3 Private Limited are as follows:
| Detail | Particulars |
|---|---|
| Name of Entity | EFC Estate Wakadewadi 3 Private Limited ('EFC Wakadewadi 3') |
| Date of Incorporation | May 6, 2026 |
| Holding Company | EFC (I) Limited |
| Relation | Wholly-owned subsidiary |
| Industry | Real estate as a service |
| Consideration Type | Cash |
| Subscription Cost | Rs. 1,000 (Rupees One Thousand) |
| Equity Shares | 100 shares of Rs. 10 each |
| Shareholding Control | 100% (100 equity shares of Rs. 10 each) |
EFCIL Stock Price Movement
On Wednesday, EFC (I) Limited shares edged higher to close at ₹190.83, completing the day with a solid 2.25% gain. The stock settled on a high volume of 922,480 shares, solidifying its upward momentum.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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