EFC (I) Limited has informed the Exchange about Copy of Newspaper Publication in respect of certain matters relating to rights issue of fully paid-up equity shares of the Company.
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EFC (I) Limited has published newspaper advertisements (as required under SEBI ICDR Regulations) disclosing the completion of dispatch of the letter of offer for a rights issue. The company is issuing up to 1,06,62,786 fully paid-up equity shares at ₹150 each (face value ₹2 + premium ₹148), aggregating up to ₹15,994.18 lakhs (approximately ₹160 crore). Existing shareholders are being offered 8 rights equity shares for every 103 shares held as on the record date of May 7, 2026. The issue opens on May 13, 2026, and closes on May 22, 2026. Shareholders can also trade their rights entitlements on the stock exchanges (on-market renunciation) until May 18, 2026, or transfer them off-market.
Existing shareholders who do not subscribe to the rights issue will face dilution of their ownership. The significant premium (₹148 over face value) indicates the company expects strong value. Non-participating shareholders will lose value proportionally as new shares are issued.