EFC’s (I) arm acquires 100% stake in Degwekar Industries

EFC’s (I) Unlisted Subsidiary — Ek Design Industries has acquired 100% stake in ‘Degwekar Industries’. Accordingly, Degwekar Industries has become step down subsidiary of EFC (I). This acquisition will help to expand market presence and improve its operations. This move will bring significant benefits to its customers and stakeholders.

Ek Design Industries has also received approval for the execution of the Share Purchase Agreement (SPA) with relevant parties The Board of Directors of Ek Design Industries at their meeting held on 5 July, 2024, has approved the same. 

EFC (I) (formerly known as Aamani Trading & Exports) is engaged in the business of real estate services, property management services & renting or leasing services involving own or leased non-residential property.

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