The Board of Directors has approved the issuance of 1,06,62,786 Equity Shares at a Issue Price of Rs. 150 Aggregating to Rs. 159,94,17,900.
EFCIL · price
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EFC (I) Limited's Board has approved a rights issue of 1,06,62,786 fully paid-up equity shares at Rs. 150 per share (including Rs. 148 premium), aggregating to Rs. 159.94 crore. The record date is May 7, 2026, with the issue opening on May 13, 2026 and closing on May 22, 2026. Existing shareholders will receive rights shares in the ratio of 8 shares for every 103 shares held. Post-issue equity will increase from 13.72 crore to 14.79 crore shares, representing approximately 7.77% dilution assuming full subscription.
Moderate dilution for existing shareholders who do not participate; however, rights issue structure allows shareholders to maintain their proportional ownership by exercising their entitlements.