Announced Tue, 18 Aug · 16:53 IST
EFC (I) to acquire 100% of Ultrafresh Modular Solutions via share swap
EFCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹184.21
prior close
₹190.50
base price
After-mkt
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AI summary
EFC (I) board approved acquiring 100% of Ultrafresh Modular Solutions, a 51% subsidiary of TTK Prestige, via share swap worth about Rs. 54 crore. EFC will issue up to 19,99,996 fresh equity shares. Ultrafresh operates in modular kitchens, wardrobes, and home interiors, with FY26 turnover of Rs. 36.32 crore. The deal extends EFC's furniture business and is expected to close by Oct 31, 2026, subject to shareholder approval.
Likely market impact
Strategic expansion into modular furniture; share-swap deal may dilute existing shareholders but adds a growing brand with Rs. 36 cr revenue.