05 Oct 2024

EFC (I) Shares Rise Following Formation of Two Wholly-Owned Subsidiaries

EFC (I)'s stock is currently trading at Rs. 471.25, reflecting an increase of 7.95 points or 1.72% from its previous closing price of Rs. 463.30 on the BSE.

The stock opened at Rs. 461.00 and has fluctuated between a high of Rs. 478.00 and a low of Rs. 451.60 during the trading session. A total of 68,808 shares have been exchanged so far.

EFC (I) is listed under the BSE group 'XT' with a face value of Rs. 2. The stock reached its 52-week high of Rs. 618.00 on June 20, 2024, and its 52-week low of Rs. 223.25 on November 1, 2023.

In the past week, the stock's high and low were recorded at Rs. 481.05 and Rs. 447.75, respectively. The company's current market capitalization stands at Rs. 2,369.37 crore.

As for shareholding, the promoters hold 45.57% of the company, while institutions and non-institutional investors hold 7.23% and 47.20%, respectively.

EFC (I) has established two new wholly-owned subsidiaries: 'EFC Estate Marisoft 14' and 'EFC Estate Marisoft 23'. EFC Estate Marisoft 14 is tasked with designing, developing, and fitting furniture and fixtures, as well as leasing properties to large corporations or single clients on a managed office basis, aligning with the company’s objectives.

EFC Estate Marisoft 23 has a similar focus but will lease to multiple clients on a managed office basis, supporting the company’s expansion strategy.

Formerly known as Aamani Trading & Exports, EFC (I) is involved in real estate services, property management, and renting or leasing non-residential properties.