Update on Scheme of Arrangement for Demerger of Material Wholly owned Subsidiary into and with Step down…
As filed · EFC (I) Limited has informed the Exchange about Update on Scheme of Arrangement for Demerger of Material Wholly owned Subsidiary into and with Step down subsidiaries.
M&AWatchMajormateriality 79 out of 100
What happened
FactEFC (I) Limited has announced that it will file an application to withdraw the merger scheme with the Hon’ble Regional Director in Mumbai. The company is located in Pune, Maharashtra. Further details can be found on their website or by contacting their compliance department.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Watch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- for Q4, we have an order book of around INR 160 crores plus, and we expect to continue with the same kind of o (management committed by Q4 FY26)
- we are fairly confident that we will be able to reach that -- numbers that we are targeting to. (management committed by Q4 FY26)
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%