EFC LIMITED RAISED RS 540 CR FUNDS FROM QIB @ ₹270/SHARE

• Board approved issuance of up to 19,99,996 equity shares of face value ₹2 each at ₹270 per share • Total consideration for the preferential issue is ₹53,99,98,920 (~₹540 Cr) • Shares to be issued to identified sellers as consideration for acquisition of 100% stake in Ultrafresh • Valuation reports from IBBI registered valuer and fairness opinion from SEBI registered merchant banker provided • Fair valuation of the Company independently carried out by Deloitte Touche Tohmatsu India LLP

EFC (I) Limited

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