EFC Limited Expands Portfolio With New 49,556 Sq. Ft. Acquisition In Pune Worth Over Rs. 80 crore

On August 26, 2024, EFC Limited announced that it had signed a Letter of Intent (LOI) to acquire a prime property in Pune City valued at over ₹80 crore. The property covers 49,556 square feet and can accommodate more than 1,500 people.

This acquisition is a significant step in expanding our serviced office portfolio, reinforcing EFC Limited’s position as a leader in India’s managed office sector.

This new property will strengthen our market presence and reflect our ongoing commitment to operational excellence. As we continue to set high standards for service and flexibility, this acquisition will help us better meet market demands and enhance our offerings, ensuring we remain at the forefront of the industry.

In their recent press release on August 13, 2024, EFC Limited has successfully secured leases for 1,94,748 square feet in key cities: Mumbai (16,457 sq. ft.), Pune (28,300 sq. ft.), New Delhi (45,875 sq. ft.), Noida (71,408 sq. ft.), Kolkata (13,165 sq. ft.), and Ahmedabad (19,543 sq. ft.).

This strategic move marks a significant expansion of their serviced office portfolio and reaffirms their commitment to market leadership and operational excellence. As a leading player in India’s managed office sector, this expansion highlights their dedication to improving our services and meeting the market’s changing needs.

The newly acquired spaces will be essential in helping achieve their mission of delivering top-notch facilities and services.

About EFC (I) Ltd

EFC (I) Ltd, founded in 2014 by first-generation entrepreneur Umesh Sahay, is a BSE-listed company based in Pune. It operates over 57 centres across 7 states, including Maharashtra, Hyderabad, Tamil Nadu, Karnataka, Gujarat, Uttar Pradesh, and West Bengal. EFC’s offerings include well-designed facilities in prime locations and various on-demand services like flexible workspaces, IT and administration, and infrastructure services. The company will expand into new regions in the coming months to strengthen its position as a leading provider of integrated workplace infrastructure and design.

On August 26, 2024, the share price of EFC (I) Ltd opened at ₹540.00, touching the day’s high at ₹544.50, as of 12:04 PM on the NSE.

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