EFC India Ltd approves acquisition of Bigbox Ventures Pvt Ltd

The Board of Directors of EFC Limited (MWOS) at their meeting held today i.e. on 27 June, 2024 has approved, the execution of the Share Subscription Agreement ("SSA") with relevant parties in connection with the Company's proposed acquisition of 51% stake in 'Bigbox Ventures Private Limited'. The post completion of said acquisition the Bigbox Ventures Private Limited will become step down subsidiary of our Company i.e. EFC (India) Limited.

Bigbox is a fast-growing managed workspace company offering workspace as a service to enterprises and start-ups. Bigbox provides occupiers with flexibility, speed, security, and a world-class, contemporary workplace experience, all while enhancing asset value. The company operates over 3,000 workstations across 9 locations in Pune.

Shares of EFC India Limited was last trading in BSE at Rs. 543.85 as compared to the previous close of Rs. 553.15. The total number of shares traded during the day was 56865 in over 496 trades.

The stock hit an intraday high of Rs. 568.00 and intraday low of 536.00. The net turnover during the day was Rs. 31692416.00.

Source : Equity Bulls

Keywords

EFCIndia INE886D01026 EFCIL BigboxVentures Acquisition