Real Estate Pune
Pune-Based Real Estate Player Raises Governance Concerns with Merger Plan
A Pune-based real estate player is planning a court-approved merger with its eight-month-old subsidiary, raising significant corporate governance concerns. The deal, valued at INR545 crore, could significantly enrich the promoters at the cost of public shareholders.
Real Estate Pune
Pune Real Estate Firm Seeks Merger with Subsidiary: Another Satyam-Maytas Scenario?
Pune-based real estate player EFC (I), acquired by Umesh Sahay and Abhishek Narbadia in April 2022, is proposing a merger with its own subsidiary, Whitehill Interior. The move, which will be voted on in a court-convened meeting on September 15, has raised corporate governance concerns.
real estate news
EFC (I) Limited Nears 52-Week High with Rs 57 Crore Interior Contract Win
EFC (I) Limited has secured a Rs 57 crore interior and fit-out contract from a leading multinational corporation, pushing its stock price close to its 52-week high. The company, with a market capitalisation of Rs 3,176 crore, has delivered a 15.36% return over the past year.
Real Estate
EFC (I) Takes a Leap in Commercial Real Estate with New Subsidiary
EFC (I), a leading integrated office infrastructure and design company, has incorporated a new subsidiary, EFC Estate 710 Alpha, to focus on commercial real estate projects, including IT park developments.
real estate news
EFC (I) Ltd Gets SEBI Nod for EMBERSTONE SM REIT to Raise INR 500 Crore
EFC (I) Ltd has received the much-anticipated approval from SEBI to launch EMBERSTONE SM REIT, aimed at raising INR 500 crore. This move underscores the company's commitment to innovation in India's real estate market, while creating meaningful long-term