EFC (I)512008Deal closure update
EFC (I) completes 100% acquisition of Ultrafresh Modular Solutions via share swap; cost Rs. 53,99,98,920
100%Stake acquired in Ultrafresh
- Extent of Acquisition
- 100% equity stake on fully diluted basis; 10,44,783 equity shares representing 100% of the issued and paid-up capital of Ultrafresh
- Consideration
- Share swap - 19,99,996 Equity Shares issued in consideration for equity shares of Ultrafresh
- Cost of Acquisition
- Rs. 53,99,98,920 for 100% stake on fully-diluted basis
- Target Company
- Ultrafresh Modular Solutions Limited, previously a 51% subsidiary of TTK Prestige Limited
- Post-Acquisition Status
- Ultrafresh is now a wholly owned subsidiary
EFC (I) completes 100% acquisition of Ultrafresh Modular Solutions via share swap; cost Rs. 53,99,98,920.
Rs. 36.32 crore+11.8%
FY2024-25Rs. 32.49 croreFY2025-26Rs. 36.32 crore
Date of incorporation
Prior intimation on acquisition
Prior intimation on acquisition
Also from EFC (I)
Preferential allotment of 19,99,996 equity shares at Rs. 270 each for Ultrafresh acquisition
1 Oct 2026
NCLT Dispenses With Shareholder and Creditor Meetings for Demerger of Managed Office Business
24 Sep 2026
More numbers
- Cost of acquisition (100% stake, fully diluted)Rs. 53,99,98,920
- Equity shares issued by EFC under share swap19,99,996
- Equity shares of Ultrafresh acquired10,44,783
- Stake acquired in Ultrafresh100%
- Ultrafresh stake held by TTK Prestige before acquisition51%
- Ultrafresh turnover FY 2025-26Rs. 36.32 crore
- Ultrafresh turnover FY 2024-25Rs. 32.49 crore
- Ultrafresh turnover FY 2023-24Rs. 31.20 crore
- Stake represented by shares acquired100%
- ConsiderationRs. 53,99,98,920
Source: BSE · 1 Oct 2026
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