EFC (I) Limited has announced the incorporation of its wholly-owned subsidiary, "EFC Estate Wakadewadi 3 Private Limited". The Certificate of Incorporation was received from the Ministry of Corporate Affairs on May 6, 2026. The subsidiary, also referred to as 'EFC Wakadewadi 3', is incorporated in India and will operate in the real estate service industry. Its primary business will involve holding or acquiring a property located in the commercial complex Godrej Eternia in Pune. This acquisition is to be effected through a demerger from a material wholly-owned subsidiary of EFC (I) Limited. The initial investment in 'EFC Wakadewadi 3' is ₹1,000, comprising 100 equity shares of ₹10 each, representing 100% shareholding by EFC (I) Limited. The company has confirmed that no governmental or regulatory approvals were required for this incorporation, and the consideration is cash.
