Efci News Today

EFC (I): The board also approved establishment of EFC Estate, a wholly-owned subsidiary, for potential strategic partnership and investments in commercial real estate projects, IT Park projects.

EFC India: EFC (I)s net consolidated total income stood at Rs 173.68 crore in Q3 FY24 as against Rs 26.38 crore it recorded in the similar quarter last year.

The board of directors of EFC (I) approved the preferential issue and allotment of 97,07,383 of equity shares of face value of Rs. 2 each through preferential basis to non-promoters, which will be subscribed by 123 investors.

EFC (I) hopes to achieve total revenue of about Rs. 400 crore for FY24 and about Rs 1,000 crore for FY25. It reported consolidated revenue of Rs. 155 crore for H1 of FY24, which was about 1.5 times of full year of revenue for FY23.

Profitmart is bullish on EFC (I) has recommended buy rating on the stock with a target price of Rs 429 in its research report dated October 13, 2023.

CNA – Hong Kong has lost its crown as Asia’s premier finance centre to Singapore in a global ranking list where New York and London maintained their number one and two spots. Singapore jumped three places to third in the twice-a-year Global Financial Centres Index (GFCI) which assesses 119 cities around the world and was […]

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