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Stock Report
EFC India Ltd to launch EFC Rental Yield Fund
Posted On : 2024-04-12 11:40:45( TIMEZONE : IST )
The Board of Directors of EFC (I) Limited ("the Company"), at their meeting held on Thursday, the 11th day of April, 2024 has considered and approved the proposal to sponsor Alternative Investment Fund (AIF) - Category II in the name of "EFC Rental Yield Fund" or any other name as approved by the regulator.
The board approved the proposal for incorporation of a LLP to act as a Sponsor to the proposed Category II - Alternative Investment Fund in the name of "EFC Alternate Investment LLP" or any other name as approved by competent authority.
The board approved the proposal for incorporation of a Wholly-owned Subsidiary (WOS) of the Company to act as the Investment Manager to an Alternate Investment Fund in the name of "EFC Investment Advisors Private Limited" or any other name as approved by competent authority to manage the Assets and Investment of Alternate Investment Funds.
