EFC (I) Limited has informed the Exchange regarding 'Letter of Offer for the Rights Issue'.
EFCIL · price
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EFC (I) Limited is undertaking a rights issue of 1,06,62,786 fully paid-up equity shares with face value of ₹2 each at an issue price of ₹150 per share (including ₹148 premium). The issue aggregates to ₹159.94 crores and offers 8 rights shares for every 103 shares held. The record date is May 7, 2026, with the issue opening on May 13, 2026 and closing on May 22, 2026. The shares will be listed on BSE and NSE. CARE Ratings Limited has been appointed as the monitoring agency for the proceeds. Existing shareholders can participate by exercising their rights entitlements or renounce them to other investors.
Existing shareholders will receive rights entitlements proportionate to their holdings. The significant premium to face value (₹148) indicates the company is raising capital at a price that may be below current market levels. Shareholders face dilution but also an opportunity to maintain their ownership percentage by participating in the issue.