EFCIL Acquires Ek Design and Forty Two Ventures, Increasing Stakes to 89.59% and 100%

EFC (I) Limited has announced the acquisition of shares in two related entities, Ek Design Industries Limited and Forty Two Ventures Limited, in line with SEBI Listing Regulations. The company increas...

EFC (I) Limited has announced the acquisition of shares in two related entities, Ek Design Industries Limited and Forty Two Ventures Limited, in line with SEBI Listing Regulations. The company increased its stake in Ek Design, a manufacturer of wood and metal furniture, from 76% to 89.59% by acquiring an additional 13.59% of the equity shares at Rs. 1,800 per share. Furthermore, EFC (I) Limited has acquired an additional 50% stake in Forty Two Ventures, a real estate as a service company, thereby making it a wholly-owned subsidiary. The acquisition of shares in Forty Two was completed at Rs. 10 per equity share. Both acquisitions were completed via cash consideration. Ek Design was incorporated on February 18, 2024, and Forty Two Ventures on March 4, 2025. Both companies are based in India. These acquisitions are considered related party transactions, with EFC (I) Limited already holding significant stakes in both entities prior to these transactions. The transactions were conducted at arm's length.

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Why is EFC (I) Limited in the news today?

EFC (I) Limited (EFCIL) is in the news due to the announcement details acquisitions of related entities, increasing efcil's stake. while strategic, it does not immediately present a clear positive or negative financial impact without further details on the value of the acquired stakes.

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EFCIL Acquires Ek Design and Forty Two Ventures, Increasing Stakes to 89.59% and 100%

December 26, 2025, 03:17 PM

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EFC (I) Limited has announced the acquisition of shares in two related entities, Ek Design Industries Limited and Forty Two Ventures Limited, in line with SEBI Listing Regulations. The company increased its stake in Ek Design, a manufacturer of wood and metal furniture, from 76% to 89.59% by acquiring an additional 13.59% of the equity shares at Rs. 1,800 per share.

Furthermore, EFC (I) Limited has acquired an additional 50% stake in Forty Two Ventures, a real estate as a service company, thereby making it a wholly-owned subsidiary. The acquisition of shares in Forty Two was completed at Rs. 10 per equity share. Both acquisitions were completed via cash consideration.

Ek Design was incorporated on February 18, 2024, and Forty Two Ventures on March 4, 2025. Both companies are based in India. These acquisitions are considered related party transactions, with EFC (I) Limited already holding significant stakes in both entities prior to these transactions. The transactions were conducted at arm's length.

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