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
MoEFCC Eases Environmental Norms for Real Estate Projects in Tamil Nadu
The Ministry of Environment, Forest and Climate Change (MoEFCC) has relaxed compliance requirements for real estate and infrastructure developers in Tamil Nadu, allowing approved projects to avoid fresh environmental clearances if there is a reduction in built-up area.
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
real estate news
EFC Group Expands Real Estate Portfolio with New REIT Registration
The successful registration of Emberstone SM REIT is a significant milestone for EFC Group, bolstering its market presence and asset base.
Real Estate Pune
EFC Limited Sees 5% Stock Surge After Reporting 230% YoY Net Profit Increase
EFC Limited, also known as the Entrepreneurial Facilitation Centre, is a prominent real estate enterprise based in Pune, Maharashtra, India. The company has recently reported a significant 230% year-over-year (YoY) increase in its net profit, leading to a
Real Estate Pune
EFC (India) Expands its Commercial Real Estate Footprint with Strategic Acquisitions and Initiatives
EFC (India) has made significant moves in the commercial real estate sector with its recent acquisition of a large office space in Pune and other strategic initiatives.
Real Estate
EFC India Expands Commercial Real Estate Footprint with Major Acquisitions and Diversification
EFC India has acquired a large office space in Pune for INR 80 crore and strengthened its portfolio by acquiring a 51% stake in co-working space provider Bigbox Venture.
Real Estate Maharashtra
EFC Acquires 49,556 sq ft Office Space in Pune for Rs 800 million
EFC has acquired a 49,556 sq ft office space in Pune for Rs 800 million. The company has been expanding its presence in the Indian real estate market.
Real Estate Pune
EFC Acquires 49,556 Sq Ft Office Space in Pune for Rs 800 Million
The company has also established a real estate investment trust (REIT) with a substantial corpus of Rs 4.99 billion.
Real Estate Pune
EFC Limited Expands Portfolio with TCS Contract and Prime Pune Property Acquisition
EFC Limited has secured a significant Design and Build contract with Tata Consultancy Services (TCS) and has entered into a Letter of Intent (LOI) for the acquisition of a prime property in Pune, India.