EFCIL · price
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EFC (I) Limited has completed its rights issue by allotting 1,06,62,786 fully paid-up equity shares of face value ₹2 each at an issue price of ₹150 per share. The total amount raised through this rights issue is ₹159.94 crore. Following the allotment, the company's paid-up equity share capital has increased from ₹27.46 crore (13.72 crore shares) to ₹29.59 crore (14.79 crore shares). The shares were allotted to eligible equity shareholders on a rights basis, consistent with the Board approvals obtained in April and May 2026.
The rights issue has expanded the equity base by approximately 7.76%, which will have a dilutive effect on existing shareholders' stake percentages. The ₹159.94 crore raised could be used for business expansion, debt reduction, or working capital, depending on the stated objectives of the issue.