Stock Report

Ek Design Industries Ltd to acquire 100% stake in Degwekar Industries Pvt Ltd

Posted On : 2024-07-05 21:22:35( TIMEZONE : IST )

The Board of Directors of Ek Design Industries Limited (Unlisted Subsidiary) at their meeting held today i.e. on 5 July, 2024 has approved the execution of the Share Purchase Agreement ("SPA") with relevant parties and has acquired 100% stake in 'Degwekar Industries Private Limited'. Accordingly, Degwekar Industries Private Limited has become step down subsidiary of EFC (I) Limited.

Degwekar Industries Private Limited is in the same industry of Ek Design Industries Limited. This acquisition will help to expand market presence and improve our operations. We believe this move will bring significant benefits to our customers and stakeholders.

Shares of EFC India Limited was last trading in BSE at Rs. 573.90 as compared to the previous close of Rs. 573.65. The total number of shares traded during the day was 39082 in over 395 trades.

The stock hit an intraday high of Rs. 576.40 and intraday low of 568.10. The net turnover during the day was Rs. 22387035.00.