EFC (I) sends notices for demerger scheme; NCLT dispenses meetings
EFCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.4 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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EFC (I) Limited's wholly-owned subsidiary EFC Limited is demerging its asset-light managed office solutions business into the listed company. Since the parent owns 100 percent of the subsidiary, no new shares will be issued, no consideration paid, and shareholding pattern remains unchanged. NCLT Mumbai has dispensed with shareholder and creditor meetings. Notices sent with 30 days to raise objections.
Neutral for shareholders - no share issuance or change in shareholding pattern. The demerger scheme progresses with NCLT approval.